For a different, more

For a different, more plausible explanation of why some banks got into trouble see the article in this month's Socialist Standard:http://www.worldsocialism.org/spgb/socialist-standard/2010s/2016/no-1337-january-2016/hbos-horse-boltedIt wasn't just bad loans but also how some even of the good loans were funded.I'm not sure about your last paragraph. A bank might be able to make a loan and then find the funding fairly quickly afterwards. The article in the Bank of England Quarterly Bulletin quoted here describes what happens when a bank wants to expand its lending:http://www.worldsocialism.org/spgb/socialist-standard/2010s/2014/no-1317-may-2014/cooking-books-harry-graeber-and-magic-wand