Cheap Bank Stocks

1. I guess there’s a world where everything erodes and the loan book is no good and buying it at point eight times is a crappy bet.
2. Bill: You could not have a scenario where you’re investing deposits that cost you zero, at less than zero.
3. But, yeah, I think if you could get a 150 to 200 basis points spread over zero, yeah, that business could probably work.