2 Votes

Avatar foranonymous

First buzzed by: anonymous

Fed keeps key interest rate at record low near zero

The Federal Reserve upgraded its economic outlook Wednesday but voted to keep interest rates unchanged near zero and signaled ... » Full Story on USATODAY.com

That's right - keep the taxpayer's money without paying any interest on it - that encourages savings by American citizens - but by all means pay the Chinese their interest.
The fat cats that sent the factories to China make their money, American citizens lose their jobs and homes and Wall Street picks up their bonuses! Everybody wins except the average American citizen.
Good job Taxcheat Geithner !

posted Nov 4, 2009 |
+1
Reply

Angel has a good point but the people really getting hurt are seniors who depend on savings for primary income. This is devistating and hurtfull. When people get laid off they took their 401 money and rolled it into the bank IRAs in order to protect it from a hostile market. The only people who made out are the fat cats who refilled their pockets on us with the bailouts.

posted Nov 4, 2009 |
0
Reply

ABOLISH THE FED !!! take back our money supply

posted Nov 4, 2009 |
0
Reply

"The real truth of the matter is, as you and I know, that a financial
element in the larger centers has owned the government ever
since the days of Andrew Jackson."
--Franklin D. Roosevelt
(32nd U.S. President)

"It is well enough that people of the nation do not understand
our banking and monetary system, for if they did, I believe there
would be a revolution before tomorrow morning."
--HENRY FORD
(Founder of the Ford Motor Company
ABOLISH THE FED !!! take back our money supply

posted Nov 4, 2009 |
0
Reply
Post Comment

Want to post a comment?

Just sign in and you'll be good to go

New User? Sign Up | Sign In