Rate Chasers Are Online and Moving Cash Quickly - New York Times
I especially liked this bit:
Elizabeth Warren, a consumer finance specialist and Harvard Law School professor, said ... “Although many savers are sophisticated enough to understand the stock market is the place to be long term, they believe its fundamentals are crazy now and they cannot tolerate the risk. I’m one — my husband and I got out this summer and put our money into C.D.’s.”
Favorite ERF quote: "I'm not going to waste my time on someone who's more interested in being stubborn or obtuse or intolerant." -- Nords
Favorite ERF error message: "Sorry Nords is a moderator/admin and you are not allowed to ignore him or her."