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A comment on Yield of 0% a First at 3-Month Treasury-Bill Sale. Parent comment

Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by cryoshon on Tuesday October 06, 2015 @02:25PM (#10341150)
Credit union. Or, literally any bank that doesn't gamble with the money you give to it. This is much harder to find since the corporate lobbyists gutted Glass-Steagall, but they still exist.
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Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by positr0n on Tuesday October 06, 2015 @02:30PM (#10341193)
Don't credit unions still use your deposit as backing for mortgages, auto loans, etc? A run could still happen on a credit union.
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Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by afarrell on Tuesday October 06, 2015 @03:24PM (#10341622)
My credit union has loaned me money, so they were in fact gambling that I would pay it back.
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Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by jonknee on Tuesday October 06, 2015 @02:34PM (#10341225)
This isn't for your spare change, if you need to stash billions of dollars you're not walking down to the local credit union and signing up for an account.
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Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by 6stringmerc on Tuesday October 06, 2015 @02:42PM (#10341309)
Yes but Glass-Steagall kind of principles are the ones that are continually being lobbied and chipped away at to increase the capacity for risk in the financial markets.

See: Trying to treat municipal bonds as high quality liquid assets (vs. illiquid for holding purposes).

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Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by JamesBarney on Tuesday October 06, 2015 @02:32PM (#10341208)
I would assume that credit unions are a high default risk than the treasury.
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Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by eldavido on Tuesday October 06, 2015 @02:34PM (#10341233)
Investment is just a nice word for gambling; there's always risk.

I agree that there are required levels of prudence in banking and investment management more generally, but don't pretend there's a well-defined brightline between "gambling", "speculation" and "investment".

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