Low Rates for Savers Are Reason for Complaint - Fair Game - NYTimes.com: "“We are rapidly approaching a situation,” Mr. Todd said, “where Congress and the administration are unwilling to confront bankers on the need of thoroughgoing reform of everything involving household finance and credit reporting/credit scoring because it would cost the bankers money to do so.” The big banks, meanwhile, complain bitterly about regulation, but don’t mention how regulation might have helped mute the crisis.
“Our policy makers do need to think about what we are transferring to the banks,” Mr. Todd said. “Why is the public obligated to provide them with all those subsidies? Nobody will ask these questions.”
And that’s a crying shame."
Posts
Build It, And The Wind Won’t Come
1 hour ago
