If you think Wall Street is rigged, youre right. While you collect 0% from your savings accounts, many Wall Street bankers have found an ingenious new way of collecting a much higher interest income.
As high as 28.99%... every year
almost effortlessly.
For example, Vikram Pandit, the former CEO of Citigroup called this phenomenon a radical transformation of the global banking landscape.
And John Mack, former chairman of Morgan Stanley, has invested several million in this phenomenon. When asked about it, he said:
Three-year Treasury bonds are paying 0.4% in interest. With [this secret account], you can get at least 7%. Given where interest rates are today, theres a real opportunity here.
Frankly, I dont think thats fair.
Wall Street fat cats should not be collecting a much higher income than everyday investors like you.
What do you think?
Click here for all the details and decide for yourself.
click.dailyreckoning.com/...kPXNWY0xNLSZnPTA./AQ/_sf0
Cheers,
Peter Coyne
Managing editor, The Daily Reckoning