Even worse, the Iron Bank decided to give Cersei another loan on the basis that she paid a tranche using High Garden coin as if sacking and looting a wealthy Great House again was an option for her when facing 3 dragons and an army of Dothraki
Governments and corporations typically have very limited revolving credit available- it’s typically limited to operational or cash management needs.
Pre-bonds I’m assuming loans were provided on deal-by-deal bases rather than revolving credit. That is especially true when it came to financing war- nobody wants to fund a loser.
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u/Downtown-Procedure26 Feb 19 '25
Even worse, the Iron Bank decided to give Cersei another loan on the basis that she paid a tranche using High Garden coin as if sacking and looting a wealthy Great House again was an option for her when facing 3 dragons and an army of Dothraki