rudd's scheme for commercial property projects, page-11

Hi Gekko,
In a sense this is a bit like the government acting like a bank.
They are aiming to replace lending from mainly overseas banks, that are trying to repatriate capital.
This is more an anti credit-crunch measure, than a stimulus measure.
"would not lend for new projects,but would refinance existing syndicated loans, if a member of the syndicate pulled out". And it looks like the money goes in , only if the Aussie bank stays in.
Grow more and more disappointed with Malcolm Turnbull,
he is not dumb enough to really believe that tax cuts have anything to do with this[remembering that the total cost of the scheme if every loan went bad!, would be $2B, which as a stimulus package would be laughable].
Only motives for his action that makes sense, are selfish political ones.
After watching the $10b pre christmas handout[even if you ignore the media beatup over pokies revenue and booze], this sort of targeted approach,and maybe a few others, seem preferable to just throwing money out the door.
Struggle to see how tax cuts would be as efficient.
I'm going to take a lot of convincing that the "free market" has redeemed itself enough to be trusted with more cash.
Not quite as good as your suggestion for direct lending[god I'm sounding like a socialist!], but a step towards it.