Fed discount window allows banks to purchase $100 million of (implicitly Treasury backed) Freddie Mac debt for only $3 million cash down, resulting in a 17.7% annualized return. Hell of a deal if you can get it. A great bit of reporting from Dealbreaker.
A collection of things I'm reading, writing and thinking about. These are my ramblings and personal thoughts from my travels — all the well thought out stuff is over at my other blog, Ready Fire Aim.
Coming to you live from Denver, Dallas, Charlotte, California, or wherever else my travels take me.
You can reach me by leaving a comment on this blog, or bill@smallerthoughts.com.
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