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To: Signalman
Bernanke is killing people who rely on interest bearing accounts for income/retirement. He’s keeping interest rates near zero.

Why would Bernanke do this? Who benefits from his policies?

5 posted on 01/29/2012 10:23:55 AM PST by Just mythoughts (Luke 17:32 Remember Lot's wife.)
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To: Just mythoughts

Big banks gain the most from Federal Reserve policy. Even though they are technically broke, the Fed continues trying to bailout big banks by charging them next to nothing for funds and banks turnaround and lend the funds at much higher interest rates, pay nothing to savers, can buy stocks for cheap (leverage), pretend RE holdings are at 2006 values on their books, etc...the government is full of ex-big banker types.


11 posted on 01/29/2012 2:30:22 PM PST by Razzz42
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