Seven
What is 'that' in the last sentence? He mentioned trying to buy a bank in Chicago 30 or 40 years ago, and the only people willing to lend to Berkshire were in Kuwait and would only lend in dinars. Now that was a credit contraction!
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الإجابات · 7
the only people willing to lend in Berkshire were in Kuwait and would only lend in dinars
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In this context, "that" is used for emphasis. It's kind of like saying, 'Wow! *That* was a ____, wasn't it?' We use these kinds of sentences a lot, but mostly in spoken English. It's harder to recognize the meaning when you don't hear someone say it. It's a very common way of expressing our feelings about something that we think is amazing, crazy, horrible, or surprising.
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They bought a bank in Chicago 30 or 40 years ago, it's name was Berkshire and it was located in Chicago ; but the only people willing to lend to the Berkshire bank were in Kuwait and and lent the bank in dinars rather than US Dollar.
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