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by sp332
2243 days ago
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It's not a restriction on the jobs, it's a restriction on the loan or even a restriction on conditions under which the loan will be forgiven without being paid back. Edit: Now that I've seen a mirror of the article, this program is about buying bonds that have to be paid back with interest no matter what. Point stands about the conditions being on the buying side though. |
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I’m not sure the Fed has the power to do something like that. It’s a huge expansion in purview, particularly with adding forgiveness conditions, in which case it’s literally giving free money to private citizens without Congressional authorisation.