Banks Were The Worst Place To Keep Your Savings This Year

Federal Reserve Chairman Ben Bernanke warned us repeatedly that he would repress interest rates indefinitely in order to help the economy and the housing market.  Interest rates on government treasury securities have reached all time lows and bank depositors are receiving close to a zero return on their savings.  Meanwhile, both housing and the economy […]

Banks Are A Financial Disaster For Both Shareholders And Depositors

In days gone by, shareholders of large banks viewed their investments as a source of income via dividends and potential capital gains via share appreciation.  In days gone by, depositors viewed banks as the safest place to harbor their hard earned dollars while earning a respectable amount of interest income. That was then, this is […]