REPORT ABUSIVE REPLY
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Message Subject
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Savings accounts and the Fed
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Poster Handle
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EXCALIBUR |
Post Content
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One major reason they are keeping rates low is to keep the banks looking solvent. The investment banks, hedge funds etc, have billions in US Treasuries. If rates go up, the value of the treasuries they hold will go down. And it will become obvious that the banks are toast. The derivatives will implode. The dollar will crash and the bansters will be working at Wal Mart :)
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