TALF Extended; Fitch Worries About CRE; Consumer Spending Trends (Tuesday's News & Notes)

The August doldrums continue. There seem to be about enough items to do a roundup every other day. So I'm very late to getting around to the big news--the extension of TALF for another year. So far, however, I still haven't seen a ton of reaction to it. People are happy it's happened. Some say it needs to be extended even further to truly work. And it doesn't seem to be enough to stop the deluge of negative stories and commentaries about commercial real estate.

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