SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Giordano Bruno who wrote (103538)5/20/2001 6:43:29 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Her 2nd paragraph contradicts the articles title:

05/16 15:16
Free Money Means Banks Will Line Up to Lend: Caroline Baum
By Caroline Baum

New York, May 16 (Bloomberg) -- With the overnight cost of borrowing at 4 percent and the consumer price index showing a 3.3 percent increase in April from a year earlier, banks' real cost of borrowing is fast approaching zero.

What does that mean? When banks can get free money from the Federal Reserve and earn 100 basis points buying risk-free Treasury securities maturing in five years, a profit-maximizing institution should swoop up as many as it can get.

...which is exactly what they ARE doing, even though BubbleBoy insisted they shouldn't "go out and buy Treasury Bonds". More string-pushing in other words. The banksters want that risk-free return, and BubbleBoy is giving it to them (at the price of inflation for all of US later this year).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News