The Fed is going to end auctions for its TALF program saying they will instead provide loans to all qualified borrowers. They say the may further refine the terms of the loan facility in the coming weeks. They’ve thrown together so many programs in the last several months there will likely be months of tinkering down the road.
Also on the wires, the King of Belgium (who knew Belgium had a King?) says he will not accept the resignation of the government.