lol UTIF a bank lends you $300K to buy a $400K house then doesnt...

  1. 1,469 Posts.

    lol UT

    IF a bank lends you $300K to buy a $400K house then doesnt the bank have a $400K Asset ( as it holds the dead) and $300K in receivables from you?

    IT doesnt mean it has $700K it only gets one or the other.

    so your argument has no valid basis. the original claim the banks have leant out more than they have in deposits is still fact.

 
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