"So its merely a backdoor lending facility? Where does it get its funding from and at what cost? From government grants, (taxpayer funded) for free?"
It's a govt corporation. It gets it's money from the govt at the govt rate then lends out at market rates. They don't get it for free, they pay us, the taxpayer, the profit they make.
"So its merely a backdoor lending facility? Where does it get...
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