"NOYB" wrote in message
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"basskisser" wrote in message
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NOYB wrote:
"basskisser" wrote in message
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NOYB wrote:
"basskisser" wrote in message
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NOYB wrote:
"basskisser" wrote in message
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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!


Go up 6 paragraphs from this post and read. See where I said that "they
made 18.8% profit"?

As for what they are doing to earn 18.8%...

http://www.citigroup.com/citigroup/business/index.htm


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?

Oh. My. God.




You are surprised? I thought you knew better by now. ;-)