Tuesday, May 31, 2011

No Interest in Saving

A fellow was in a bad mood,
And feeling financially screwed,
When he read in his statement
How lowly his rate went
That int'rest had barely accrued.

As the US attempts to pull out of a financial hole brought on by over-leveraging, it seems that no-one is looking out for the interests of US savers; no-one, that is, but Kansas City Federal Reserve Bank President Thomas Hoenig.   Mr. Hoenig, who does not have a vote on monetary policy this year, urges the Fed to sweeten the pot for savers by raising interest rates from near zero.
Posted by Dr. Goose
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1 comment:

  1. Madeleine Begun KaneJune 1, 2011 at 3:58 AM

    Thanks so much for your fun contribution to this week's Limerick-Off!

    ReplyDelete

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