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Ndebock : The Economist Cover. Putin... StreetView Prostitutes - DoxySpotting.com. @JoeBaguley | TweetPhoto. How To Make The World's Easiest $1 Billion. With all the banks paying back the TARP money, some folks are assuming that the great Wall Street bailout is finally coming to an end. But of course it isn't! Taxpayers are still guaranteeing all big bank bonds (Too Big To Fail) and subsidizing huge bank earnings and bonuses with absurdly low interest rates. But instead of bellyaching about it, you might as well just smile and cash in. After all, that's what Wall Street's doing. So here's how to make the world's easiest $1 billion: STEP 1: Form a bank. STEP 2: Round up a bunch of unemployed friends to be "bankers. " STEP 3: Raise $1 billion of equity. STEP 4: Borrow $9 billion from the Fed at an annual cost of 0.25%.

STEP 5: Buy $10 billion of 30-year Treasuries paying 4.45% STEP 6: Sit back and watch the cash flow in. At this spread, you should be earning at least 4% per year on your $10 billion of capital, or $400 million. You'll have made $400 million in a single year! Don't be greedy. So proceed to Step 7. STEP 7: Go public. Buy Twitter Followers.

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