Van i said they are inefficient businesses.......return on investment is not great however risk is very low and 100% underwritten by tax payer.
No other business unless its a government enterprise gets this kind of safety net.
buy money from fed reserve or offshore or use deposits and sell money at a margin
currently bank margins are anywhere from 5% up to a staggering 20% when you look at credit card finance, for a simple paper shuffle. There is no real competition in our market.
