Re:Yield of 0% a First at 3-Month Treasury-Bill Sale
by dragonwriter on Tuesday October 06, 2015 @03:17PM
(#10341577)
> When you're talking about a cartel that was bringing in roughly $22Bn a year (also Wikipedia) that amounts to roughly $2.2Bn a year sunk to rats.
10% annual loss on the warehouse-stored amount does not mean 10% loss of annual income. Some of that annual income is getting turned into non-cash assets, after all.
Re:Yield of 0% a First at 3-Month Treasury-Bill Sale
by codyb on Wednesday October 07, 2015 @03:54PM
(#10348562)
Yea of course, it was just back of the napkin calculations to come up with an upper bound for the amount lost every year. Still staggering even if it was a quarter of that.
10% annual loss on the warehouse-stored amount does not mean 10% loss of annual income. Some of that annual income is getting turned into non-cash assets, after all.