Financial language is intended to sound undecipherable to avoid scrutiny of common people.
The Anon is saying Iran was a source of financial alchemy. It enabled London banks to add instant value (collateral) to loans, no matter how risky those loans were. The loans could then be sold to smaller banks. It was a win/win for the London banks, and sanctions against Iran allowed only the big banks to have access to this game.
Financial language is intended to sound undecipherable to avoid scrutiny of common people.
The Anon is saying Iran was a source of financial alchemy. It enabled London banks to add instant value (collateral) to loans, no matter how risky those loans were. The loans could then be sold to smaller banks. It was a win/win for the London banks, and sanctions against Iran allowed only the big banks to have access to this game.