[NRG1973]

So easy money is the solution to an easy money problem? The sad thing about the interest rate cuts is their affect on retirees and savers who have a lot of their money in CD's and money markets. They are paying twice for this scandal...once with the $700 billion bailout and twice with the reduced interst rate on their life savings. What a mess!!!

[Notary Sojac]

Savers are the enemy of the "new economy".

Only borrowers and spenders are good for America.

Please get with the program, Citizen!

[Zeppelin]

yeah, WaMu/JP Morgan/Chase was offering a 5.00% APY 12 or 13 month CD for the past few weeks. I opened one last week, and the offer was still up yesterday. I was going to do another next week but when I heard about the rate cut this morning, I was pretty sure they wouldn’t be offering 5.00 any more. Logged in and, sure enough, they’ve cut it to 2.93%...yowch!