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so much for saving

October 26th, 2011 at 02:47 am

In case one wanted to know why interest rates are dropping ... and for some of us with a lot of money, soon it will get even worse.

Text is Link and Link is http://www.nytimes.com/2011/10/25/business/banks-flooded-with-cash-they-cant-profitably-use.html?_r=1&scp=2&sq=banks&st=Search
Link

Haven't heard much about the mattress lately. I give it six more months before the jokes start.

Posted in Calculators & Links | 5 Comments »

5 Responses to “so much for saving”

  1. MonkeyMama Says:
    October 26th, 2011 at 03:40 am 1319600452
    1319600452

    Geez. I saw the headline but didn't read it, earlier. That is just crazy.

  2. LuckyRobin Says:
    October 26th, 2011 at 05:34 pm 1319650441
    1319650441

    That is just ridiculous. Maybe if they'd quit artificially holding stuff down it would start to improve for everyone.

  3. baselle Says:
    October 26th, 2011 at 07:47 pm 1319658459
    1319658459

    For a zombie (bank), no amount of brains (money) is ever enough.

  4. patientsaver Says:
    October 27th, 2011 at 12:09 am 1319674156
    1319674156

    A problem I would like to have. All joking aside, when it will end? It seems like we're stuck in neutral and going nowhere fast.

  5. crazyliblady Says:
    October 27th, 2011 at 12:44 am 1319676284
    1319676284

    I guess they don't realize that people are not saving because it's fun, but because they need to have that money somewhere liquid in the event they need it. With the economy the way it is right now, it is only smart to have some money parked.

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