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Very Low Interest Rates

Monday, August 23, 2010 - 9:40 PM
The seriously low interest rates are actually depressing consumption and the economy.  People who rely on interest from their savings don't have very much to spend.  This policy is only benefiting the large banks who can obtain money at zero percent and lend it to the Treasury and make a profit and then pay bonuses to their exeutives claiming they have made a profit.  I hope people reading articles on this website will e-mail the Federal Reserve Board and express their views on this matter.  I have done so on several occasions, but i think if more people express anger at the extremely low interest rates, the Federal Reserve Board members might  eventually listen.  Their email address is:

http://www.federalreserve.gov/feedback.cfm

Also readers might like to read the article at

http://finance.yahoo.com/news/Debts-Deadly-nytimes-1162311883.html?x=0

This explains how such low interest rates may not be helping but possibly hurting the economy.
9
InforayInforay10 posts since
Aug 23, 2010
Rep Points: 296
1. Thursday, October 14, 2010 - 10:28 AM
Here is another column decrying the extremely low interest rate environment and it's effect on senior citizens.

http://www.gosanangelo.com/news/2010/oct/13/low-interest-rates-put-squeeze-on-responsible/
2
PurplesagePurplesage26 posts since
Oct 11, 2010
Rep Points: 75
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