Mary Hobbs, 69, is closing on a reverse mortgage with Security One Lending of San Diego for her three-bedroom home in a retirement community in Lincoln, Calif.

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The process of lending money against the security of assets, or trading assets with the banks' capital, helped to push asset prices even higher.

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Could the the New York Fed be lending out gold bars as security for sovereign loans?

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Which means the ECB would face the uncomfortable choice of turning off the life support, and see quite a few banks falling over, or lending on the basis of inadequate security - and thus taking significant credit risks with these loans.

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Local troops and authorities, including the FSB security service, were largely left to fend for themselves, with almost no federal officials lending support or experience.

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In addition to telecoms, software and cyber security investing, the source, who spoke on the condition of anonymity, said Swarth engages in mezzanine lending, capital markets and algorithmic trading.

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