Please tell me how I can tap into those low interest business loan that will be subsidized by our taxpayers you’re proposing…Because, if I can’t beat the system, please let me join it 🙂
Fed eyes plan to fund short-term business loans
WASHINGTON (AP) — The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.
The Federal Reserve is working with the Treasury Department on the plan to buy “commercial paper,” a short-term financing mechanism that many companies rely on to finance their day-to-day operations, such as purchasing supplies or making payrolls, according to a person with knowledge of the plan. The person spoke on condition of anonymity because the plan is still being put together.
