[quote=bubba99]But because banks can get .5% money, the return on my CD’s has gone from 5% to 1%. Even their “other” money is cheap now because of the fed actions.
Plus the average yield on assets is down because of write downs for reserves for losses on “bad loans”.
Cheap money, plus bad loan management equals “any idiot can make money under these conditions”[/quote]
OK, then explain to me why industry profitability in 2009 was the lowest in 17 years. This should be interesting…
