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Recommend FREE MONEY: Goldman Sachs, Morgan Stanley, Citigroup & Bank Of America All Were Perfect In Q1 (Email)

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Just so we're clear on what this means -- on a net trading basis, they made money every single day in Q1. 90 for 90.

How are they doing this? It's called free money. They borrow from the Federal Reserve at 0%, and re-invest much of that back into Treasuries. Playing the spread. Bloomberg has the details.

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