They have to stop making loans or find new capital.

We cannot make a loan on a house without a kitchen, he said.

Each had made a loan worth more than $1.75 million.

"They made loans other people turned down and there was pressure from on high to do so."

As of December 2010, the program had made 11 loans for $1.12 million.

Banks can create new money when they make a loan.

And that cuts into their ability to make new loans.

Being directly involved in making loans is something relatively new for him.

He had a solution to it which was to make loans against something else.

Whenever a bank or building society makes someone a loan.