Finance Blog - Everything one needs to know

As Ben Bernanke and the white knights at the Federal Reserve ride to the rescue of the nation’s credit markets, Tampa Bay area retirees can be forgiven for holding their applause.

“It seems like the speculators are being bailed out and we savers are being left on our own,” said Evan Adams, 79, a Pinellas Park retiree. He just renewed a certificate of deposit or CD at 3.15 percent interest, down from 4.5 percent. That’s $13.50 less annual income for each $1,000 invested. More
Courtesy: www.tampabay.com

Tags: No Comments