The model is another American innovation from the financial crisis the Term Asset-Backed Securities Loan Facility, or TALF.

ECONOMIST: The world economy

On November 25, 2008, the Federal Reserve Board announced terms for the Term Asset-Backed Securities Loan Facility (TALF).

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This connection between tax dollars and contract awards to corporations with ties to countries like Iran has been exacerbated by Washington's TARP (Troubled Asset Relief Program) and TALF (Term Asset-Backed Securities Loan Facility) outlays undertaken thus far.

CENTERFORSECURITYPOLICY: Doing business with Iran