So you can actually watch your savings lose money in real terms if you put your money in the bank.
If a near-zero rate for cash is what the Fed is seeking, savers might not be so eager to put their money in the bank since they'll get little in return for their savings.
To this day, people are reluctant to put their money in the bank in case somebody seizes it.
It would take in the money, put it in its bank account, and when presented with bills that were approved, would pay those bills.
Afraid of similar taxation, the theory goes, people will close their bank accounts and either put money under the mattress or hide it in a foreign bank, probably in Germany.
His rationale was that he was not earning any money on CDs in the bank, and that he had to put his money somewhere.
She said Chase had said it would put more money in the ATM on Monday but by midday Thursday she hadn't heard from the bank.
The idea that a company with more money in the bank than any European nation (quite possibly all of them put together) might be short of resources is also amusing.
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One important consequence would be that in the next banking crisis, the Bank of England would not - in theory - have to call on the Treasury to put quite so much money into a Royal Bank of Scotland or an HBOS that was facing collapse, because the creditors of those banks would be forced to become shareholders.
Sir, could you please help small businesses by allowing, some way, somehow, money we pay to the bank in principle to not count against our income, and put us in the "richest" before we ever seem a dime, and allow us to invest in this huge engine to drive economic recovery?
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