As Low Rates Depress Savers, Governments Reap Benefits

http://www.nytimes.com/2012/09/11/business/as-low-rates-depress-savers-governments-reap-the-benefits.html?pagewanted=all

---------- Forwarded message ----------
From: barry levine 
Date: Tue, Sep 11, 2012 at 10:13 AM
Subject: re: As Low Rates Depress Savers, Governments Reap Benefits
To: letters@nytimes.com


To the Editor:

    Willfully or not, secretary Geithner's policy of low interest is driving depositors to move money from FDIC-protected savings accounts into riskier pools like stock or real estate.  As Secretary of the Treasury, rises in the stock market and in housing values look good on his report card. But it erodes yet another of the New Deal supports that brought the U.S. to the post-war prosperity and stability.

Barry Haskell Levine