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] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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