On Tue, 30 May 2006 13:43:47 GMT, "Jay Honeck"
wrote:

Hmm, let's see. Banks are paying out .25% to 1.25% interest, while charging
5% - 7%. Credit card companies (owned by banks) are charging upwards of
18%.

Sounds like a pretty good return on that float, to me...

Not at all. The difference between paying out .25 percent and charging
5% is 4.75. The different between not paying out .25 percent and
charging 5% is ... 5%, a difference of only .25%, nothing to get rich
on.



-- all the best, Dan Ford

email: usenet AT danford DOT net

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