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Because if I loan you money but ask you to collateralise it...

...it's not a loan. It's a liquidity operation.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Mon Mar 12th, 2012 at 04:47:44 PM EST
[ Parent ]
That is the pawn broker business model, right?

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Mon Mar 12th, 2012 at 05:16:17 PM EST
[ Parent ]

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