Just wondering if this means at a -5% rate, I can just borrow $1,000,000 and then each year after, I can owe -50,000 on it. In other words, receive $50,000 interest income "negative interest expense" every year until I have enough cash (excluding the million already borrowed) to repay the principal, which I never will, so if I can somehow lock in this rate, if I can go 20 years like this, I can use the negative interest expenses to repay the principal, but why would I want to?
So I guess the concept is how Bank of America sees customers sort of already. Being appreciated for having the guts to take in someone else's money when nobody else wants to do it, and compensating the borrower for taking the time to make sure the lender's money is in safe hands.
So I guess the concept is how Bank of America sees customers sort of already. Being appreciated for having the guts to take in someone else's money when nobody else wants to do it, and compensating the borrower for taking the time to make sure the lender's money is in safe hands.
Yellen said Fed could study negative interest rates if need be?