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joemac

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Join date : 2013-04-17
Location : Texas

PostSubject: Fed Policy   March 16th 2016, 11:29 am

http://www.cnbc.com/2016/03/15/fed-policy-has-cost-savers-75-billion-study.html

This is just the tip of what the Federal Reserve has adversely affected when it comes to filling the banks full of capital at near zero rates.

Remember the day when a savings account would actually acrue interest, or a money market, or CD would actually make money over the term?

This is a terrible diservice to to tens of millions who were at or near retirement, as interest income has now all but been wiped as a form of revenue generation for seniors.

$7.5 billion is just the crust of the impact.
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