I received a solicitation in – Piggington's Econo-Almanac

August 3, 2007 at 10:16 AM #69985

Participant

I received a solicitation in the mail yesterday from IndyMac bank advertising 5.55% CD rates. Seems they are eager (as indicated by high rates) to borrow some funds from consumers (still cheaper than floating bonds out there). Hmmm… Wonder why ?