StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826
Strategy Driven
MARCH 6, 2014
The borrower would then sell the discounted $970 post note on the money market, also paying a discount to the post note purchaser of say $30, receiving $940 in cash. The insurance company would repay the money market investor’s post note of $970, yielding a $30 profit for both the insurance company and the investor. .
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