> they can’t issue loans because they are not a bank I have to think there is some misunderstanding here - lots of nonbank companies issue loans. Ford Motor Cr

> they can’t issue loans because they are not a bank I have to think there is some misunderstanding here - lots of nonbank companies issue loans. Ford Motor Credit is not a bank. The thing that banks are uniquely allowed to do is to take deposits, and lend out that money.