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Dec 6th, 2017
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Joined: Jan 2003
Posts: 6,428 Likes: 1
old hand
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OP
old hand
Joined: Jan 2003
Posts: 6,428 Likes: 1 |
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!
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