Another item, from today’s
Another item, from today's Times, to file under "Banks can't lend more than they have":
Quote:
Metro [Bank} has customer deposits of more than £1 billion, which swelled by £205 million in the last three months to the end of September. It has 238,000 personal and commercial accounts and lent individuals and businesses just under £200 million in the quarter, taking its total loan book to £565 million, it said yesterday.
Those who think banks create the money they lend out of thin air are invited to do the maths and/or to ponder on why this bank didn't do this.