To keep the wheel of borrowing and lending spinning, the Icelandic Banks relied on foreign institutions to lend them cash.
为了维持借贷和放贷的车轮转动，冰岛银行依赖于海外机构为他们提供现金贷款。
2
This must mean that no one can arbitrage because no one can borrow uncollateralised, no one has spare collateral, and no one is willing to lend –arbitrage involves both borrowing and lending.