Wednesday, November 2, 2011
Bernanke says savers should be ok with low rates for benefit of public good.
Bernanke claims low interest rates are good for savers too!
Wow this is too much. There is something wrong with this picture. Now the American Public is supposed to suck it up again and believe it is for the greater good......???? I have heard stupid things from the government before but this is tops. The economy fizzles and the banks have taken over policy and Bernanke comes out with this statement. He either is getting pressured to say these things or he is lost with no idea what is going on in the economy.
By Rex Nutting
Very low interest rates are hurting the returns that savers count on, Fed Chairman Ben Bernanke acknowledges. But he says that savers should realize that these low rates are for "the greater good" -- the health of the U.S. economy. He says savers won't ever receive decent returns on their savings until the economy is doing better, because the best investments are investments that are made in an economy that's growing.
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