4 ms·
I don't understand why you would do this when short term Treasuries or money market funds exist. There are far better solutions than what you suggest.
by drinkzima 4y ago
I don't understand why you would do this when short term Treasuries or money market funds exist. There are far better solutions than what you suggest.
- ericpauley 4y agoIt really makes no sense. The bank's "cash" is really just database entries with the Fed anyway, why not loan the money to the Fed overnight (reverse repo) at 5%? The reason GP's dream doesn't exist is because MMs do effectively the same thing and pay you.