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The vision in the late 1990s was that a bank could offer both commercial and investment banking services and that it could leverage its ability to lend billions of dollars to gain investment banking business.
In particular, it is intended to shrink the banking system and its ability to lend recklessly.
IDA's funds are replenished every three years, and the latest round of commitments worth $41 billion, made in December 2007, determine its ability to lend until mid-2011.
"When you plan a van Gogh exhibit, you need to get blessing of the Van Gogh Museum," he said, because of its ability to lend works and share its expertise.
Concurrent drops in the housing and auto sales markets pushed GMAC into the red, running up hundreds of millions of dollars in losses and curtailing its ability to lend out money.
The Treasury wants to restore to the central bank its ability to lend covertly to a bank in trouble for a limited period of "non-disclosure".Even after the Bank of England's emergency loan to Northern Rock became known on September 13th, a run might have been avoided if savers had been able to rely upon an effective deposit-insurance scheme.
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The deal demonstrates China's manufacturing prowess and its prodigious ability to lend.
This reduced risk to the system, but it limited the banks' ability to lend.
It's the banks' ability to lend that money out, over and over, that creates a ripple effect through the economy and improves everyone's ability to spend and to grow.
At the same time, however, it has dramatically tightened their ability to lend via off-balance-sheet shadow vehicles.
It also offers a classic example of Pinter's ability to lend a local circumstance universal resonance.
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