Following the financial crisis of 2007-2008, the government issued a massive bailout to prevent the economy from slipping into another Great Depression (which seemed very possible at the time). This effort often seemed like a big blob of government money (known collectively as "the bailout"). The sense that everything fit into a big undifferentiated clump wasn't helped by the fact that all the programs seemed to have similar acronyms...TARP, TALF, TAF, etc.
However, the bailout actually consisted of a number of separate programs, each with a particular target or reason for existence. For instance, the Term Asset-Backed Securities Loan Facility (known as TALF) targeted holders of asset-backed securities...the type of securities that became absolutely unsellable in the wake of the financial crisis. The Fed loaned out up to $200 billion to holders of these investments as a way to keep credit markets going. The loans were made between March 2009 and June 2010. By October 2014, all the money loaned out under the deal had been paid back.
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Finance: What is Term To Maturity?12 Views
finance a la shmoop what is term to maturity alright people well it's kind
of a lifecycle of a bond like a bond is issued or sold it has an assay a 15 year [Bond timeline appears]
duration somebody's written that money for 15 years its term to maturity when
it first was issued was 15 years but if you bought that bond nine years into it
some you know maturation process when all the hairs growing in funny places [Hairs grow out of bond]
then at that point it would have six years current maturity well what goes on
between these years interest payments and then eventually at the very end the
issuer pays back the principal to the investor who bought the bond and [Money transfers from issuer to investor]
everyone goes away happy-ish well bonds carry gradations in short medium and
long term terms to maturity like short term generally is considered one to five [Different types of bond appear]
years mid term medium term and something like that is like five to a dozen years
and long term is like up to you know thirty or even a hundred years after
that dozen or so no hard lines here they're all dotted and yeah Disney [Man discussing bonds at DisneyLand]
actually sold a hundred year bonds at one point and they are of course the
happiest bonds on earth [Disney bonds appear]