Why is Oblunder holding interest rates down to 1%

by mwg0735 Posted 2012/07/12 11:52:46

Related Topics: CD, Interest Rates, Time, Seniors, Interest, rate, Rates, Interest Rate, Dividend

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Everyone knows Oblunder is a loser and he continues to hurt seniors. Seniors count on dividends from CDs to get by. The Loser in Chief has keep interest rates at 1% for four years and seniors might get 1.7% if they are lucky.

Time to clear the swamp...

Flamingolady 2012/07/14 03:11:48

+1
Will look into this one, don't actually know.

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Waldorf 2012/07/12 13:29:14

+1
I am not aware of any authority a President has over interest rates.

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mwg0735 to Waldorf 2012/07/12 14:48:51
MissingTheO.C. 2012/07/12 12:21:53

+1
IDK.

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kir 2012/07/12 12:11:47

+1
Actually it's the Federal Reserve that is doing that, which is why I have said multiple times that bankers control our lives. I'm not saying that he's not pushing them to do keep rates low, but I have no doubt that they would do it anyway.

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mwg0735 to kir 2012/07/12 14:53:35
kir to mwg0735 2012/07/12 14:55:41

Oh believe me I know. Banks won't lend when inflation rates are near interest rates.

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mwg0735 to kir 2012/07/14 16:16:20