Isn't @slippers point that only in the very first transaction does the money go to the common enterprise? Or at least that's part of the point.
But that's a bit like saying a remortgage is a meaningfully different transaction from a house purchase from the bank's perspective. It's totally fungible.
It's not the bank's pov that is the issue here.
@NickCJ started
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Isn't @slippers point that only in the very first transaction does the money go to the common enterprise? Or at least that's part of the point.