Saturday, 3 March 2012

LOWERED INTEREST RATES HIT ELDERLY IN THEIR NEST EGGS.(Business)

Byline: Martin Crutsinger Associated Press

"Help us, help us," wrote a woman from Brooklyn, N.Y.

"Please add two more names to your list of angry senior citizens," wrote a doctor and his wife from Lancaster, Pa.

"We are old. All that's left for us to do is to take our lives," wrote a couple from Sun Valley, Calif.

Alan Greenspan, chairman of the Federal Reserve, is getting mail these days like he never got before. Desperate mail, angry mail from people who don't like his low interest rate policies one bit.

They have seen their earnings on bank certificates of deposit shrivel over the last two years and believe they are being forced …

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