2 ms·
If Biden loaned me 1 billion at 1% for a year and then I put it into money market funds paying 5%, I would pay it back after a year and have made 40 million on
by tryptophan 3y ago
If Biden loaned me 1 billion at 1% for a year and then I put it into money market funds paying 5%, I would pay it back after a year and have made 40 million on the side.
Everyone wins, even the government profited 10 million!!!
Did I just invent an infinite money hack to make everyone a millionaire?
- cma 3y agoIt was definitely a subsidy even if fully paid back, but what were money markets paying back then? Plus at one point money markets briefly locked up from withdrawals and I'm not sure banks are allowed to invest in them though they also made companies into banks that weren't banks.