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

I'm going to give you a really simple example of how I can earn a lot of
money as a lender:

I loan you $100,000 at 5% interest. The interest rate falls to 4.5% just
1
month later. I sell your loan to another bank for a one-time fee
(perhaps
$2000). So in just 1 month, on the initial $100,000, I earned 5/12th's
of a
percent, plus the $2,000.

That's a 2.4166% return in just 1 month...or a nearly 29% annualized
return.

And that equals 34% how?


Bassy, you know I side with you much of the time, because like me, you're
always right. But, in this case, I have to say I'm 99.9% sure you're either
playing games, or not getting enough sleep. NOYB said he was giving you AN
EXAMPLE. Do you want him to enumerate every single source of income for
Citi?