In the Financial Times is the above news item.
You really have to wonder what on earth is going with banks when they apparently lend without any collateral.
Yet when simple folk like us ask for a loan, they what our hides.
However they apparently do not apply the same metrics on certain classes of borrowers.
This is to say if want to borrow 100 billion, its yours with no collateral requirements.
Ask for a thousand dollars and the bank wants all the gold from your back molars, plus yours and your wife's gold wedding rings and all the jewelry and family gold heirlooms.
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