nakedempire


The American Empire in a Changing World



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Sunday, March 4, 2012

''0.2% Interest? You Bet We’ll Complain''

"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."


from the new york times...

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