Deposits used to be insured to a set dollar amount. Now, the amount of deposit insurance seems to be tied to who the depositor is.
If you are paying more than 6% interest come see us at Smaller Bank, we can probably help you.
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Hi, is this Mrs. Bank President?
Yes, who are you?
Janet Yellen.
Why are you calling?
I have a problem and I would like to trade $100 million of your 2% federal debt for $95 million of 3.5% federal debt.
Why would you want to do that?
So the debt limit is not exceeded.
You have my yes, let’s get it done.
Dear Probable Credit Card Holder:
We are Regional Bank. If you are are paying on your credit cards we can probably have you paying less. Stop by one of our branches and let’s see if we can help you.
By the way, do you have a car loan?
Yes, from Shyster Motors.
What is the interest rate on that?
Around 10%.
If you consult with Mrs. Loan Officer over there she would probably be able to save you some money every month.
2020:
Local governments are in tough financial shape.
What can we at the Federal Reserve do?
Cut the interest rate so property prices (and property taxes) will soar.
Agreed.