The ABS market remained quiet last week as participants were still waiting for further details about the Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF).

Experts have mixed opinions regarding the TALF's impact on the ABS market. Some say it's a boost to the sector - specifically for auto ABS. Meanwhile, others are skeptical about the program's long-term positive impact, as TALF promotes leverage in a market that is, for the most part, trying to de-lever.

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