ANALYSIS-Consumer relief could take months under Fed plan

Newswire

By Juan Lagorio NEW YORK, Nov 25 (Reuters) - The U.S. Federal Reserve's plan to back consumer loans should start to unlock securities markets, but individuals will have to wait for at least three months for easier access to credit, according to analysts. Under the Term Asset-backed Securities Loan Facility (TALF), announced Tuesday, the Federal Reserve Bank of New York will lend up to $200 billion to holders of securities backed by student, auto, and credit-card loans. The hope is that ...

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