What is meant by the 3-6-3 Rule?

The 3-6-3 Rule is slang for the informal practice of the banking sector in the 1950s, 1960s, and 1970s. The 3-6-3 rule describes how a banker deposit 3% interest in a depositor’s account, lends money to the depositor at 6% interest, and then plays golf at 3pm. In the 1950s, 1960s and 1970s, a large … Read more