You stick a credit card in a machine, and you pay $3 or whatever it is to get cash - your own money.
Bill JanklowFolks can't carry around money in their pocket. They've got to go to an ATM machine, and they've got to pay a few dollars to get their own dollars out of the machine. Who ever thought you'd pay cash to get cash? That's where we've gotten to.
Bill JanklowWhat did Citibank get out of it? It got the ability to reverse the arbitrage. Actually, what they got was the ability to give themselves a profit, and that saved the bank.
Bill Janklow