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Wednesday, Jun. 19, 2013

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Jamie Dimon Explains ?

News Link • Economy - Economics USA

Jamie Dimon Explains ?

06-25-2012 • arclein
whelming the government budget. Near-zero rates also need to be maintained because even a moderate rise would cause multi-trillion dollar derivative losses for the banks, and would remove the banks’ chief income stream, the arbitrage afforded by borrowing at 0% and investing at higher rates.
Read Full Story

Reported by Robert Klein

•

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Tags: whelming, government, budget, maintained, because, moderate, trillion, dollar, derivative, losses, remove, banks’, income, stream, arbitrage, afforded

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