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All we need is a financing facility!
The government will also create a new “financing facility,” to help businesses struggling as a result of the trade war, called the Large Enterprise Economic and National Security Facility “to provide liquidity support,” he said.
Hilarious that this is Carney’s first order of business but what about the small enterprises? Shit outta luck.
“The vast, vast, vast majority of investment dollars and risk is going to be borne by the private sector"
Can't quite seem figure out how "liquidity support" can be uttered in the same breath as "no public sector risk..."
If I'm not mistaking this is code for, the government and therefore taxpayer has no risk exposure, since well the money comes from.....
brrrrrrr
Oh. Wait - i think i fugured it out!
Is it, textbook totalitarian doublespeak?
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The Fed would have come up with a much better name. You can’t even acronyze this.
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