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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.

It ain't going to equal Bill's 34%


Why not? How do you know what kind of profit they turn on trading paper,
and
ESPECIALLY on real estate, by which I mean commercial buildings that they
rent or lease to businesses or apartment dwellers?

34% return on your money? Again, Trump would love that kind of profit!


It's not all that unusual in some businesses. But, there seems to be a magic
number, beyond which some people think it's excessive. Even the oil
industries profits would not be considered outrageous, if the absolute price
(which we pay) wasn't out of hand.