F. George McDuffee wrote:
On Sun, 20 Jul 2014 06:37:17 -0500, jim
" wrote:
snip
Interesting article. However, the article is inaccurate
in its speculation that bank depositors will end
up paying the bill for the follies of big investment banks.

Under current law that is simply not possible.
=================
Not directly as depositors, but indirectly as
taxpayers/savers, e. g. TARP, FRB Q.E. depressing yields,

Yields are depressed because of market forces. There is a
huge over-supply of savers. The savers have no one but
themselves to blame for low rates. With so many truing
to save a few who are credit-worthy willing to borrow
where did you think interest rates would be?


etc. Indeed, there is an ongoing TBTF "subsidy." All honest
taxpayers are "on the hook"...

You think low interest rates put taxpayers on the
hook, At the same time you think high interest rates
put the taxpayer on the hook. Doesn't your self-contradiction
ever bother you?



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