4 ms·

Greed. Those were yielding close to zero and they wanted the 1.x%

• polygamous_bat 4y ago
  It's an interesting reward mechanic for the bankers, "heads I walk home with big bonuses, tails I go home with a big severance and our customers get screwed".
  • muzz 4y ago
    This is the essence of the moral hazard created by the bank bailouts in 2008
• sam345 4y ago
  The yield has been inverted so short-term has been paying just as much or more than the long-term depending upon which securities you're looking at. 30 to 90 day treasuries have been yielding over 4%
  • muzz 4y ago
    Yes-- if they kept that cash until now they would be sitting pretty