Eligible collateral will include U.S. dollar-denominated cash ABS
that have a long-term credit rating
in the highest investment-grade rating category
(for example, AAA)
from two or more major nationally recognized
statistical rating organizations (NRSROs)
and do not have a long-term credit rating
of below the highest investment-grade rating category
from a major NRSRO
Term Asset-Backed Securities Loan Facility (TALF)
Should economic plans
designed to fix large, complex predicaments
rely on the same monetary authorities that enabled
and ratings agencies who profited
from the creation of the initial problems?
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