[Toddsterpatriot]

So what the Fed charged was never lower than 0.75%? You are sure about that?

The rate was 0.5% from December 2008 until February 2010 when it rose to 0.75%.

The are risk takers these days and figure they can dump them at a rate rise

As long as you don't claim it's a risk free, guaranteed profitable, trade.

[dennisw]

So what the Fed charged was never lower than 0.75%? You are sure about that?

The rate was 0.5% from December 2008 until February 2010 when it rose to 0.75%.

There is such a thing as speaking colloquially. Just on Squawk Box one guy said the banks are getting money at 0% and getting 4% return on it. Where are they getting that 4%. Credit cards? 

#2---Speaking colloquially, which is what I was doing when I said we borrow from the Chinese to buy their stuff. This must we why you kept on saying I was confusing trade deficits and USG Federal deficit? 

As long as you don't claim it's a risk free, guaranteed profitable, trade.

I said it was idiot proof but there are people stupider than idiots
You must admit some banks are taking that .75% Fed Reserve money and buying 10 year Treasuries and making easy money. Banks do this all the time such as buying 10 years and granting 30 year mortgages. That's risky but US banks have done this forever