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To: Browns Ultra Fan

Since rates are all about the ubiquitous BASIS POINTS, why don’t they just report the cost of money in BPs? “Your mortgage is going to be 5,750 basis points”. “Your credit card rate is 33,750 basis points”.

Yep. I hate jargon.


5 posted on 04/27/2022 2:06:24 PM PDT by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
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To: Freedom_Is_Not_Free

“Your mortgage is going to be 5,750 basis points”. “Your credit card rate is 33,750 basis points”.

“Would you like fries with that? They’re just 400 basis points.”


8 posted on 04/27/2022 2:35:04 PM PDT by Flick Lives (The CDC. Brought to you by Pfizer)
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