obgyn65
Thinks s/he gets paid by the post
This article may be of interest to some of you :
http://www.nytimes.com/2012/03/04/b...or-complaint-fair-game.html?_r=1&ref=business
To summarize (with some liberty) "The issue — as anyone looking for income-producing investments knows — is that the Fed drove down interest rates to almost zero to shore up big banks and an economy that those banks helped drive off a cliff. Now savers, who did nothing to create the financial crisis, are being punished.
This is one of the more troubling paradoxes of the Fed’s rescue of the financial system. And, according to Ms. Raskin, it is likely to continue for some time.
So suck it up, America: If it’s good for the financial system, it’s good for you. "
http://www.nytimes.com/2012/03/04/b...or-complaint-fair-game.html?_r=1&ref=business
To summarize (with some liberty) "The issue — as anyone looking for income-producing investments knows — is that the Fed drove down interest rates to almost zero to shore up big banks and an economy that those banks helped drive off a cliff. Now savers, who did nothing to create the financial crisis, are being punished.
This is one of the more troubling paradoxes of the Fed’s rescue of the financial system. And, according to Ms. Raskin, it is likely to continue for some time.
So suck it up, America: If it’s good for the financial system, it’s good for you. "
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