The Federal Reserve has succeeded in doing one thing well: convincing Americans that they really are trying to improve economy, when in fact they are focused primarily and almost solely on the success of the banks and the banking system. If actions taken to save the banks destroys people’s savings, pensions and the value of the US currency in order to prop up the banks, OH WELL!
Shakespeare should have instead written: “First, we kill all the banksters, THEN we kill all the lawyers!”
Agreed. FED has robbed savers and seniors to reward the BIG banks making bigger profits. No wonder economy is tepid. Less interest and dividends = less money to spend.