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The victims of low-interest locusts
The victims of low-interest locusts
David Cay Johnston
Aug 10, 2012 16:00 UTC
Another financial crisis looms for U.S. taxpayers, a disaster likely to create even worse human misery than the mortgage fiasco that some of us warned about years before the Wall Street meltdown in 2008.
The crisis next time: collapsing investment incomes for older Americans as artificially reduced interest rates force them to use up their savings and drive more pension plans into failure.
http://blogs.reuters.com/david-cay-johnston/
