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Taxpayers should ask for a bailout
Edith Raus
Oct. 14, 2015 1:00 am
To the editor:
The federal reserve may raise rates this year or may wait.
It was necessary in 2008 for President Barack Obama to bail out U.S. banks to prevent a looming recession. The only trouble is they didn't place this money toward rates for borrowers and a fair rate for those building toward retirement. The Federal Reserve threw it all on Wall Street.
It seems when big business, agriculture or anything connected to Wall Street cries out for help, taxpayers are asked to shell out. American citizens over the age of 50 who placed their money in traditional savings accounts should join their ranks and ask for a $10,000 subsidy toward the loss of their investment income since 2008.
Edith Raus
Manchester
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