"basskisser" wrote in message
ups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding
vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their
interest
rates aren't even that high?????? Let alone their operating
expenses!

LOL. You really are clueless.

Well, then SHOW ME where Citigroup has made 34% profit.

They made 18.8% profit. But that's beside the point. You stated that
"their interest rates aren't even that high"...implying that they could
earn
a profit that was only as high as their interest rate (whatever that is).

This shows ignorance on multi-levels.

There is an enormous range in Citigroup's lending rates. There is no such
thing as "their interest rate".

Are you REALLY trying to say that Citigroup's interest rates on money
lended is in the neighborhood of 35%????? Friggin' sign me up! If
that's the case, then most of the biggest corps in the U.S. will be
selling everything and investing in Citigroup. Better not let them in
on your secret!

Citigroup's profits are derived from a much larger pool of revenues than
just the money they take in from their lending practices.

Just what are they doing to earn back 35% or so on their money? Donald
Trump would love for you to share this informatioin with him!


If you never default on your credit card payments, you might skip the fine
print in the agreement where it describes that rates can jump to the mid-20
percent range. Prime plus some outrageous amount. Pair this with the fact
that Citi does business in places where the base rate's much higher, and
your question is PARTIALLY answered. They (like most banks) also invest on
their own behalf, no differently than large pension funds and mutual funds.
This can involve paper investments, or tangibles like real estate.