To: dp0622
“10 percent overnight? Wow.”
That’s 10% annualized. Overnight they got 1/365th of 10% thanks to a short term situation.
Not so Wow.
29 posted on
09/21/2019 8:21:48 AM PDT by
jdsteel
(Americans are Dreamers too!!!)
To: jdsteel
Well yeah it is compared to 1/365th of 2.5 percent.
I’d say 4 times more is wow.
30 posted on
09/21/2019 9:07:33 AM PDT by
dp0622
(Bad, bad company Till the day I die.)
To: jdsteel
"That’s 10% annualized.
Overnight they got 1/365th of 10% thanks to a short term situation."
WRONG !
It's 10% of the total of the loan for just one night.
53 posted on
09/21/2019 1:48:53 PM PDT by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
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