Savers Did Not Cause Financial Crisis, But Get Hurt By Low Interest Rates

During this financial crisis over the past four years, in an effort to rescue Big Banks the Federal Reserve has lowered interest rates to 0.2%.  Therefore, people who have raised their savings to cushion themselves against loss of jobs or homes have earned almost nothing on it.  These people have done nothing to cause the financial crisis while the Big Banks who caused it got rescued.  Homeowners, though, can refinance their mortgages to loans with lower interest rates.  However, people have not purchased homes at the rates they used to most likely due to uncertain long-term employment prospects.  It is also likely that many people are being more deliberate in which banks they take out big loans from to purchase cars or homes.


http://www.nytimes.com/2012/03/04/business/low-rates-for-savers-are-reason-for-complaint-fair-game.html?_r=3&ref=business

Bank of America Aggressively Pushing Customers to Buy More From It

Bank of America is responding to regulations limiting swipe fees on debit cards by forcing checking account holders to pay monthly charges unless they purchase more of its products, have an online account, or keep a minimum balance.  The fees range from $9 to $25 per month if they do not meet these conditions.  Its product offerings include credit cards and mortgages.  This proves that this bank seeks to get unsuspecting customers into debt because that will guarantee that they will have to pay a lot of money in interest charges.
http://www.huffingtonpost.com/2012/03/01/bank-of-america-fee_n_1312347.html?ref=business