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To: SouthFloridaGuy who wrote (94021)9/14/2010 9:20:57 PM
From: Keith FeralRead Replies (1) | Respond to of 118717
 
cnbc.com

This is kind of comical. Stone is blaming the banks for low interest rates on savings accounts. I guess none of the national debt problems have to do with the pension obligations of the teachers on Main Street that have been generously inflated for the past 30 years.

I'm with you on the reflation/correlation trade through next earnings season. It's just a shame that the hard work to fix the banking system has been completely ignored in the public sector. California expects their pension obligations to increase 4 fold over the next decade from $5 billion to $20 billion.



To: SouthFloridaGuy who wrote (94021)9/14/2010 9:25:29 PM
From: Paxb2uRead Replies (1) | Respond to of 118717
 
Be careful---that was true for the hare for awhile---Peace