Originally Posted by
Mesabah
The fact that some people are allowed to borrow at the discount window at 0%, and then immediately park that money in governments bonds is what makes this a criminal government. Only those people are better off this year, than in 2008.
Well, yes.
But that's not a whole lot different than the sort of arbitrage one plays with a cheap government subsidized mortgage. In many cases that money is then redeployed in another cash making scheme.
If you like currency arbitrage, pick up a Venezuelan bank account.
