thebes Posted March 13, 2009 Share Posted March 13, 2009 ...and we thought we'd send ole Thebes and thousands of others a little suprise. We've been chagrined of late what with the Bernie Madoff scandal. The man'sis some sort of jumped up parvenu, not our type at all. What he lacks is subtlety,something we acquired at our society mother's teat. So let's send ole Thebes a statement for his insured money market timed toarrive on Friday the 13th. Let's reward him for his 25 years of faithful serviceto providing us with the means for the upkeep on our mansions, and golf fees atour private fancy smanchy country club. Let’s inform him that the amount of interestearned between 01-01-09 and 02-28-09 was $0.00 Then let's let him know that the Average Percentage Yield for this accountis $0.00. After all those bums at the Fed are charging us the onerous sum of 0.5% interestfor their funds, why should we lay out that kind of money when we can pay good oldThebes a big fat zero. We feel so good about our little jest we think we'll repair to a nice 5 star restaurant for a 7 course meal. Quote Link to comment Share on other sites More sharing options...
Arky Posted March 13, 2009 Share Posted March 13, 2009 LOL! 7 courses takes awhile. Quote Link to comment Share on other sites More sharing options...
arfandbark Posted March 14, 2009 Share Posted March 14, 2009 What happened? Both CDs and Money Market accounts dropped rates of redemption tremendously. I'm talking a full point on CDs. Overnight. Money Markets are dead. What was 4.00% is now 0.05%. What happened? It only promotes keeping your nest egg under your pillow or in your safe..... Quote Link to comment Share on other sites More sharing options...
djk Posted March 14, 2009 Share Posted March 14, 2009 It's just something bankers do every so often. The next thing on their to-do list is double-digit inflation to pay off all the wallpaper they are printing as we speak. Quote Link to comment Share on other sites More sharing options...
colterphoto1 Posted March 14, 2009 Share Posted March 14, 2009 ... do they want us to move back into equities? [8o|] I'm spending mine on speakers, they're perfectly happy sitting in this shop playing funky music [8] Quote Link to comment Share on other sites More sharing options...
thebes Posted March 14, 2009 Author Share Posted March 14, 2009 What happened? Both CDs and Money Market accounts dropped rates of redemption tremendously. I'm talking a full point on CDs. Overnight. Money Markets are dead. What was 4.00% is now 0.05%. What happened? It only promotes keeping your nest egg under your pillow or in your safe..... At least your money sutffed under the matress will grow lint. Quote Link to comment Share on other sites More sharing options...
ZAKO Posted March 15, 2009 Share Posted March 15, 2009 Hey i inspected my gold coins,,,They have rust on them !!! Quote Link to comment Share on other sites More sharing options...
mike stehr Posted March 15, 2009 Share Posted March 15, 2009 . Quote Link to comment Share on other sites More sharing options...
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