Is it possible to give someone something they already have in their possession, for example the teddy bear I mentioned in my last blog?
Of course not. The idea is ridiculous.
Can they be owed anything?
Sure, they can be owed any interest or fee that was agreed for the loan of the teddy bear. What you might notice is that in the real world the bankers claim for a new bear plus the fee/interest. This means that there is a river of wealth flowing to them that they are simply not entitled to.
It is possible, however, that the bankers are simply in ignorance of this global perspective. From my conversations with various banking staff, any consideration beyond their immediate job isn't usually entered into. The banker is no more able to follow the chain of transactions than anyone else. All he knows is that he gave someone some money on Monday and someone else gave him a deposit on Tuesday. He has a contractual obligation to the depositor and the borrower has a contractual obligation to him.
While this is true for the general staff who work in banks - the cashiers, tellers, even managers and so on it's a bit of a stretch to think that the central bankers or heads of the large high street banks are in ignorance of how the system works.
As we can see, there is one major, major problem in all this - in order for the banker to be "paid back" he has to give the depositors money away again so that the people who owe him money can acquire it and return it to him in order to cancel their "debts." the fact that the debts aren't really valid isn't relevent - if the banker is ignorant of the circle then he will cease lending when he runs out of people with good credit ratings, which will begin an implosion resulting in everyone who he can prove owes him losing their assets due to a lack of available funds.
If he is malicious.......he can deliberately lend to this or that sector and take control of it through debt default, repossession, or just steer it towards the things he personally likes and finds valuable through loan offers to that sector.
They are malicious.