Wells AND BofA...up over 30% and most of the other banks... up from 5% to 32% in one day.

Seems like most of it comes from new mortgages.

Hmmmm. I'm too slow to understand this... Banks borrow from the Government @ 2% and offer mortgages @ 6%. Am I missing something?

I realize that something made the investors excited enough to buy bank stocks, but this whole "profit" thingy is confusing. Help!




Life is Good!