Just a nit pick. I think you got the bank assets a bit wrong. The deposits are liabilities to begin with so cant rally fund any mortgages. The mortgage is depos

Just a nit pick. I think you got the bank assets a bit wrong. The deposits are liabilities to begin with so cant rally fund any mortgages. The mortgage is deposited into the bank as a liability to start with though I guess. It’s just the other way around mortgages begets deposits.