Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I dislike the term "lend-able cash," because the bank creates bank-money by the stroke of a pen.

Point taken. I was unsatisfied with the term myself and artlessly rewrote the sentence at least once, but still came up with garbage. Compliance with regulatory requirements is the concept. Perhaps I should have written "...to reload their pen with Central Bank approved ink."

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 14th, 2011 at 09:57:04 AM EST
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