For Picard, it seems clear, the deal is important in two ways: As he asserts elsewhere in the lawsuit, Picard says Wilpon and Katz used Madoff and his money as their own bank, a source of loans that they would not have to disclose to the many banks from which they were, year in and year out, borrowing vast amounts of money.
"It's a source of new loan demand," said Henry J. Coffey Jr., an equity analyst at Ferris, Baker Watts in Washington.
Some did so honestly; many more cheated, bribed and stole from the state or small investors, using conniving banks as a source of everlasting loans and a place to wash their money.That era is coming to an end, at least in the more advanced countries.
Meanwhile, Synchrony benefits by tapping into a source of consumer loans that's more tied to online shopping – which is increasingly where consumers make large purchases requiring credit.
The Jews of England were considered the property of the Crown, and they had traditionally been used as a source of cheap loans and easy taxation, in exchange for royal protection against antisemitism.
Yet there is an alternative source of loans for hard-pressed individuals without a good credit history, and where interest rates start at just 12.7%.
A start-up that had a test-run at Stanford University's business school last year aims to tap alumni as a source of funding for student loans at colleges across the country.
The underlying story here is that, beginning in the mid-1990s, Trump, his family and his business came to see Russians as the answer: a source of quick profits, big loans, international connections, clout and even jet-setting models for the Trump agency.
They would be prevented from serving their basic purpose as a source of cheap money for mortgage loans.
Shifting the source of loan capital from IDA to the IBRD for creditworthy countries like India and Vietnam could free up to $7.5 billion for the world's poorest countries.
