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Some banks have lost billions on loans that will never be repaid.
Yet as boom turned to bust, Europe's banks largely failed to write down loans that will never be repaid.
Loans that will be made available in November to banks also will be increased to $150 billion each.
Finally, the last third comes from future income, in the form of loans that will be repaid over time.
It calls for closing this year's deficit by taking out long-term loans that will increase the state's interest liabilities for decades to come.
"It's when you start taking multiple loans that will, and that's where we are starting to see employers want to protect employees from themselves".
And it will require that those in a position to control the underwriting standards when the loans are made have incentives to make loans that will be repaid.
Some analysts fear the sharp increase in lending included many bad loans that will begin to show up over the next few years.
Some experts fear that too much of the stimulus money was put into unprofitable projects and bad loans that will be exposed in a few years.
George Osborne announced he was scrapping maintenance grants for students from low income families and replacing them with loans that will drag poorer students into even more debt.
Some has come through "voluntary" debt restructurings, but most of it is from loans that will be repaid, at least in theory.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com