Interest Rates

Wouldn't it be better if StreetEasy mandated minimum IQ rates of 40 rather than allowing asine blather to clutter this board? . . .

... "allowing asine blather" like tanker's? Yes it would.
Some people are just like a vicious rat, attacking anything that moves for no reason.

"Obama mandating minimum interest rates of 3 percent"? Sorry, inquirer, if that doesn't qualify as "reason," why not just let monkeys pound on the keys and see if any Shakespeare comes out . . .

"asine"? What's the difference between having a low IQ and making up words?

tanker, go aboutready yourself.

tanker.....is mandating 3% interest rates to help people any more ludicrous than spending trillions of dollars on senseless wars that help no one or bailing out greedy bankers......

mhillqt, the zero percent interest rate is there to help the bankers. they can get free money from the fed, and then buy treasuries. or loan it out to people at 30%. which even with a high default rate is probably a pretty good return. they are recapitalizing, at the expense of savers.

the last thing the gov't wants is for people to save. buy, invest, be a patriot.

tanker, if you're going to insult someone's intelligence, maybe asine isn't a good start. and, btw, IQs aren't measured in "rates."

Its obvious that they dont want people to save...IM JUST BEING ASPIRATIONAL....and speaking in terms of what 'should' be done.....its brainstorming for the people........

The president of the United States does not directly control interest rates. That is the Fed's job and even they don't have direct control over them.