Banks pay almost nothing for deposits and can buy government debt or loan the money out for mortgages, etc with very little risk. If they're having a hard time now while robbing the retired what's going to happen when they have to again pay for deposits? I think banks have outlived their usefulness.

Is it selfish for retirees to want what they were promised when they were working? Is it fair to artifically keep rates at nearly zero when most retirees depend on interest earned on their savings? Now they want to chip away at Social Security inflation increases,Medicare benefits, etc. I think seniors are getting a ro...more

If banks and other financial institutions are heavily into t bonds wouldn't that sink the whole system, including those with bank deposits?

So, what you're saying is we may be Bakken up the wrong tree?

Trump is highly under rated. I think he would make a much better president than Obama. He is a stellar businessman, unflapable and savvy. When the liberals start putting their media lap  dogs to  work you know he's getting to them.

Obama has no intention of making any meaningful spending cuts. He wants to suck Republicans  into identifying necessary cuts in Medicaid, Medicare and Social Security so he can use these suggestions against them in the next election cycle. He's totally transparent when it comes to his dirty politics.The president shoul...more

Jim, it's all a sham. Your beloved Obama is a socialist who really doesn't care much for America, the Constitution or what we've always stood for. He doesn't really care about the fiscal cliff or , for that matter, his legacy. We're all being duped, especially liberals,who think he will create a better, fairer, more pr...more

Jim, you're an Obama man. Why should you now be surprised that he will raise your taxes but  won't cut spending. He is a disaster.

Anyone who watched OBama's press conference today couldn't miss the fact that he wants to soak the rich to "save the middle class." Naturally he wants Republicans to cave to his campaign promise  before he addresses anything else. So it's just more of the same and why the market is tanking. Once he gets Republicans to ...more