Male C. Pig a.k.a. Svinopolist (piggymouse) wrote,
Male C. Pig a.k.a. Svinopolist
piggymouse

[business,language,quote] 3:6:3

In the recent EconTalk podcast on Freddie and Fannie I heard (for the first time in my life) about "3:6:3 business model".

A Savings & Loans business before 1970s was so called 3:6:3 business: they took depositors' money and paid them 3%, they lent money on mortgages at 6%, and their executives left for the golf course by 3pm.

Tags: business, language, quote
Subscribe
  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic

    Your IP address will be recorded 

  • 7 comments