DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Low interest rates throw wrench into retirements

**SaamanthaSterlyng** · 08-27-2012, 04:10 PM

The saver penalty does not get enough media exposure. In simplest terms, the Fed has suppressed interest rates at the expense of savers in order to allow banks to grow their tenuous reserves, and to keep their mortgage balance sheets from collapsing under the weight of potential foreclosures. It's robbery.

Yet the Fed action gets painted as "stimulating growth", and "stabilizing the housing market". In fact, they are siphoning money from savers and handing it over to bankers.

08-27-2012, 04:10 PM	#9
SaamanthaSterlyng Join Date Oct 2005 Posts 362 Senior Member	The saver penalty does not get enough media exposure. In simplest terms, the Fed has suppressed interest rates at the expense of savers in order to allow banks to grow their tenuous reserves, and to keep their mortgage balance sheets from collapsing under the weight of potential foreclosures. It's robbery. Yet the Fed action gets painted as "stimulating growth", and "stabilizing the housing market". In fact, they are siphoning money from savers and handing it over to bankers.
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