Until rates go up, Wall Street will be chowing down on essentially free money, while fixed-income people living off their investments will have to eat into their capital, take more risk or reduce their standard of living. A nice reward from their government for a lifetime of saving. Thanks for nothing, guys.
2 comments:
This kind of stuff makes me feel like, Why be responsible? It seems like the irresponsible ones gets all the hand-outs from the Gov. Laker floor seats here I come!
LOL. Good point. Certainly from a logical standpoint, the more irresponsible one is, the better the government treats him. Crazy...not to mention unsustainable.
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