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In March the Fed created a facility to swap up to $200 billion of its Treasuries for investment banks' holdings of hard-to-trade mortgage-backed securities.
"That's because they've created a facility that is literally too big to fail".
In 2015, The Vatican created a facility for free haircuts and showers for the homeless, as well as a medical centre.
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The ranking of universities over the past 25 years has created a facilities arms race.
"But we are creating a facility for the school and a facility for the community and in times of financial stringing this is something we have to think of doing".
Mr. Bernanke offered his remarks in a letter to members of Congress who had asked the Fed to create a facility to breathe new life into segments of the municipal bond market that were still paralyzed.
"It creates a facility that shows a level of respect for the clients that will be part of the engagement process, to help them understand they have productive lives to look forward to," she said.
Best I can piece together, the administration's recovery plan — due out shortly — will look something like this: The U.S. government will create a facility to buy the toxic mortgages off the balance sheets of the major banks.
The proposal to create a facility housing 200 beagles and 180 puppies, along with ferrets, in Grimston, East Yorkshire, had previously been turned down twice following opposition from local residents and anti-vivisection campaigners.
The Obama administration would be affirmatively creating a new system of detention without charge for terrorism suspects on American soil, setting a precedent and creating a facility readily available to future presidents wanting to rid themselves of a range of potentially dangerous actors.
As the father of two sons who enjoy BMX and trail biking, I applaud the efforts of Monica Shay and the town of Woodbury in creating a facility for youth biking with private funds and donations ("Bikers Leap Into the Heart of Woodbury," Jan . 2.
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