Bailing out the super rich for causing this mess, using your dim...

Courtesy Newsvine - business  Sat, 07/19/2008 - 12:23

American banks paid an average of 4.35% on three-month certificates of deposit. Then came the mortgage mess, and the Fed's crash program of interest-rate therapy.

Today, a three-month CD yields just 2.65%, or little more than half the measured rate of inflation.


 

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