It Ain't Fair

Savers hit by the Wall Street bailout.

Here's the deal. The government is spending trillions to keep interest rates down in order to support the economy and prop up housing prices, and those low rates have inflicted collateral damage on savers' incomes.

"It's a direct wealth transfer from savers and retirees to overly indebted borrowers," says Greg McBride, senior financial analyst at Bankrate.com.

Ouch.

I suppose there is a still a difference - those with savings can sleep at night whereas those begging the government are slaves to the handout. But still, it doesn't seem fair.