Word: saversion
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Dates: during 1990-1999
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The idea behind Reg. Q was that bankers were a disadvantaged group who needed welfare benefits. By putting a lid on the interest rates paid to small savers, the government could foolproof the banking system. Bankers could lend the cheap money out at higher rates and make a nice living...
You'd think that the millions of small savers who made this sacrifice to banker comfort could at least have got a loan from a bank, but no way. They got mortgages, and that was it. There were no home-equity loans, and stores didn't take credit cards. The...
Worse yet, while we've been bringing home the made-in-Japan stuff, the Japanese have neglected to buy our made-in-America stuff. On the whole, they are savers and not spenders, and the recent hard times from which they are now recovering have made them spend even less...
Compounding the risk is the fact that many refugees from 3% CDs may have - bought their funds on the false assumption that these higher-yielding investments are also covered by federal deposit insurance. "Small bank savers may think that since banks are selling them, they're as safe as CDs...
Screen savers are used now more as a display of one's aesthetics than as a truly useful tool. Some people still worry about getting their screens "burned." But unless you have a really ancient monitor, you can set aside your worries and save the $30 you may spend for...