The banking world continues to be plagued by anemic CD Rates, as this article over on Mainstreet attests:
You can’t really blame CD investors for seeing red this week. After all, a big reason why the Federal Reserve is sitting on interest rates is to boost the balance sheets of many of the same banks whose free-wheeling lending helped push the economy off a cliff. Rubbing more salt in the wound, bank investors have to abide by an economic policy created by the same Washington pols that encouraged banks to make those dubious loans in the first place.
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