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| Why Tim Geithner is afraid of Elizabeth Warren | |
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| Tweet Topic Started: Jul 19 2010, 04:09 AM (277 Views) | |
| Axtremus | Jul 19 2010, 04:09 AM Post #1 |
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HOLY CARP!!!
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Article: http://www.huffingtonpost.com/john-r-talbott/the-real-reason-geithner_b_650403.html
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| garrett2 | Jul 19 2010, 06:28 PM Post #2 |
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Junior Carp
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That has to be one of the silliest things I've heard all day. |
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| Steve Miller | Jul 19 2010, 06:53 PM Post #3 |
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Bull-Carp
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How so? |
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Wag more Bark less | |
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| garrett2 | Jul 19 2010, 07:11 PM Post #4 |
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Junior Carp
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Treasury notes are generally used for liquidity reasons. The closing rate, at the end of today, for a 12 month note was 0.28%. If a company invested $1 billion in 12 month treasury notes, the pay-out would be 280k. If a Financial Institution with $1 billion in deposits were to invest everything it had in 12 month treasury notes (not that they would be able to invest everything) they would need a minimum of 100 employees (realistically this number would be much higher, probably 200 employees). 100 employees being paid a total sum of 280k, would be an average yearly salary of $2,800 per employee. |
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| Axtremus | Jul 20 2010, 04:13 AM Post #5 |
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HOLY CARP!!!
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Follow up: http://www.huffingtonpost.com/2010/07/19/elizabeth-warren-could-he_n_651759.html |
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4:51 PM Jul 10