The peoples means of investing in their futures with a government secured savings account yeilding a sustainable rate (3-6%) was quietly taken away from the middle class. Now the only avenue of investment available to average folk is to get on the stock and bond market roller coaster with all the kickbacks, fees and insecurity that come with the ride. Regardless of the present Fed overnight rate, would it be possible for a bank or credit union to set a prime rate of say 5%, with savings accounts yielding 4%, and capital loans for small and mid sized businesses (preferably worker coops) set at 6%?
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