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Strategies & Market Trends : Calls and Puts for Income
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To: Sam Citron who wrote (3094)9/26/2008 12:48:33 PM
From: BWAC  Read Replies (1) of 5891
 
<Isn't that simply "the rich get richer..."?>

I prefer to look at it from the angle of 'the competition gets less'.

Which in turn will lead to lower interest rates paid to depositors. And higher rates charged to borrowers. Plus more bs fees and other such excess garbage in the fine print.

No competition for deposits. No choice for savers. Fewer alternatives for borrowers.

Result? We'll all pay more, and get less in return.
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