John Dizard and Krishna Guha, journalists for the Financial Times, offer two concise summaries of the mechanics and major kinks to resolve in

• The term asset-backed securities loan facility (Talf)


• The troubled asset relief program (Tarp)

http://www.ft.com/cms/s/0/5e8d2f98-0215-11de-8199-000077b07658.html

http://www.ft.com/cms/s/0/fb97c494-0213-11de-8199-000077b07658.html