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Monday, January 25, 2010 - 7:17 AM
Who's afraid of rising interest rates? Banks! [CNNMoney]
Here's an intersting excerpt from this CNNMoney article
The reason a swift and sharp increase in interest rates could be troubling, according to experts, is because banks have gotten used to paying low rates for deposits and charging significantly higher rates for loans.As we've seen mentioned before, these low rates have transferred money from savers to the banks.
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