"... JPMorgan Chase, the largest dealer, borrowed at an average rate of 0.08% in the fourth quarter of 2009 thanks to the aforementioned subsidies, which it has been using to pile up derivatives with a notional value nearing 50 times that of its assets. Ever wonder what banks are doing with all that cheap capital the Federal Reserve provides them in lieu of small business lending? Look no further..."
Source
No comments:
Post a Comment