£23 BILLION FOR NORTHERN ROCK.
How many hospitals and nurses, and/or schools and teachers is that?
£23 billion for one financial institution in big trouble. The BBC said last it represented every family in the UK each lending NR £760! (but without their permission)
The difference is that when we, i.e. the human race, say "lend" we mean temporarily transfer control of but not ownership, but when the banks say "lend" they mean magically create something out of thin air and trick us into believeing it exists, lend out a piece of paper expecting us to equate the piece of paper with the physical object, but they expect repayment in real physical objects i.e. the banks create something out of thin air!
"lend" v "lend".
Hmm. Are there two definitions of "lend"? Particularly in contract terms?
How much more money is being and will be created out of nothing to save a fraudulent, bankrupt system benefitting only a few, while the human race stagnates or degenerates?