>Big Picture: Record Bank Bonuses Based On Record Bank Fraud

>Barry Ritholz gets it right with this short opinion piece on bank bonuses.

Ask yourself how hard it is for any finance firm to make money — risk free! — when they can borrow from the Federal Reserve at a rate of zero, and then turnaround and “lend” that same cash to the Treasury (buying bonds) at 3% ?

Scott Dauenhauer CFP, MSFP, AIF


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