Ridiculously low interest rates are called “The Senior Tax.” Many older people contributed slowly to a nest egg all their lives with the intention of living on the interest. They get no praise, only pain, for helping the economy in this way. It could be worse — interest rates could be NEGATIVE!
If you saw all of the regulations placed on banks, I hardly call it deregulation. Bankers have more regulations now than at any point in America’s history.
Proginoskes almost 12 years ago
@ Jo Clear: Do we bank at the same place?
Phatts almost 12 years ago
ah, for the good old days when they actually paid you to let them hold your money
mdemetz almost 12 years ago
They don’t need your money, the goverment has given it to them.
AmyYardley almost 12 years ago
Frank and Ernest, ain’t it the truth?
Perkycat almost 12 years ago
They use your money to make more money for themselves and charge you a service fee for the privilege of letting them use your money. What a racket!
emptc12 almost 12 years ago
Ridiculously low interest rates are called “The Senior Tax.” Many older people contributed slowly to a nest egg all their lives with the intention of living on the interest. They get no praise, only pain, for helping the economy in this way. It could be worse — interest rates could be NEGATIVE!
InTraining Premium Member almost 12 years ago
Wage slaves….. ! ? !
parkerfields almost 12 years ago
If you saw all of the regulations placed on banks, I hardly call it deregulation. Bankers have more regulations now than at any point in America’s history.