What? Aren't banks <i>supposed</i> to borrow funds at 11% interest, in order to lend it back out at 6% to 9%? Sounds like a great business model to me!
the more i think about it, the more i realize that this is going to backfire on them. can you say SOLD!
Any of you guys out there trading in the 80's? Same shit was being said about the Japanese and look where that got them! Buy US assets high, then sell them back later much cheaper.
Elite Trader goat races, then we slaughter some chickens, and then flog some camels with sticks.... and earn 11% on Citi paper...what a country
Feels like the market will forget all about those credit problems... maybe for 6.5 hours and then its off to dow 12500...