VIDEO ON MSN MONEY
That worked real well for wealthy Russian investors in Bank of Cyrus when the economy collapsed.
Accounts were frozen to prevent further bank runs and charged a up to 40%% on larger accounts over $100,000 Euro to help stabilize the banks.
The Russians were making up 15% interest on savings until the banks started to fail.
Must be a good investment if foreign countries are buying it up like it was a fire sale.
The Government should borrow money from the people that have money in the banks instead of from China. They let the banks use are money . The reason the economy is bad cause a lot of the people cannot draw any interest on their money so they have less to spend and live on.
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[BRIEFING.COM] The S&P 500 (-0.7%) has slid to a new session low with dip-buyers showing reluctance to step in amid broad weakness that has only spared two countercyclical sectors-consumer staples (+0.8%) and utilities (+0.3%).
Meanwhile, all six cyclical groups hover in the red with top-weighted technology (-0.8%), financials (-1.2%), and energy (-1.3%) exerting significant pressure. The industrial sector (-0.7%) trades not far behind the broader market, but that has masked the ... More
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