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It is not a far cry from what MetroPCS paid to borrow last month.
If market rates were paid to borrow the trust funds, the shortfall would largely disappear.
With nominal rates at zero, and core consumer-price inflation at 0.5%, you are still paid to borrow.
In short, it paid to borrow and it paid to lend.Special report Repent at leisure Paradise foreclosed The morning after Betting the balance-sheet A better bust?
The bank made a profit from the difference between what it could charge for the long-term loans and what it paid to borrow short term.
They said the teenager, Eric Walker, was part of a group that had paid to borrow a car and then gone out looking for people to rob.
Similar(50)
Remember, these moneylenders make their money on the spread between what they pay to borrow money and what the retail borrowers pay them.
The rates firms had to pay to borrow fell by 2.5 percentage points.
But the disparity has begun to shrink, as has the premium it pays to borrow.
The rates the Treasury is paying to borrow remain extraordinarily low.
Lower ratings can raise the interest rate a state must pay to borrow money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com