The Everyday HustleThird times the charm

Mama I got dreams, but dreams don’t keep the lights on.

We Got Now -Little Brother

STEP 1: Form a bank.

STEP 2: Round up a bunch of unemployed friends to be “bankers.”

STEP 3: Raise $1 billion of equity. (This is the only tricky step. And it’s not that tricky. See below.*)

STEP 4: Borrow $9 billion from the Fed at an annual cost of 0.25%.

STEP 5: Buy $10 billion of 30-year Treasuries paying 4.45%

STEP 6: Sit back and watch the cash flow in.

The Business Insider

via The New Shelton wet/dry