Nice Work If You Can Get It - from Noise Is Information

Posted on August 23rd, 2009 at 1:42 pm by in corporations, economy, finance, government, odd, society. There's zero responses for this post.

Nice Work If You Can Get It
Posted on August 23rd, 2009 at 1:42 pm by Steve

Rate that banks pay the Federal Reserve to borrow money for up to 90 days, “No Questions Asked”: 0.5%.

Rate that banks pay depositors for regular savings accounts: 0.05%.

Rate that banks charge borrowers for borrowing money with many “questions asked”: 5.25%.

Nice work, if you can get it.

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