Tuesday, January 19, 2010

What?

Heard this morning on NPR:

Citibank, which has had some struggles, is doing better now by borrowing money from the government at 0% and then loaning that money back to the government at 3% as treasuries.

Either the government is not too bright, or I am really dumb, because this makes no sense to me, but at a minimum, I’ll take some of that 0% loan action, please.

No comments: