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 stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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