lolr

Acronym of "Lender of Last Resort". LOLR are institutions that offers credit when no one else wants to do it. These are generally reserve funds or central banks which provide credit for banks (or other TBTF organizations) in risk of bankrupt, which could cause great systemic damage.

The US Government was an LOLR during the 2008 crisis.

When the Germans say “no LOLR” they mean “no LOLR”!