Similarities Between SL and the Housing Crisis
Jan 9th, 2008 | By Michael Shedlock | Category: Macro Economics
ONE WAY BANKS HAVE OF ATTRACTING MONEY is by offering above market rates on CDs and savings accounts. With six-month treasuries yielding 3.2%, guaranteed rates of 5.0% on CDs or savings accounts will attract capital.
Such rates should not be government guaranteed but they are. Money will always flock to the ...read more
