Nothing happened “after Lehman”. The Lehman collapse was a result of what came before it — the liquidity crisis, the bank runs, and the stock market crash.
Does anyone remember the sign boards outside every bank offering up to 10% interest on short term CDs in the fall of 2008?
When my mom called in February this year about opening a “savings account” for the grandkids at 5 1/2% interest, I knew something was up. Because the going rate the month before (and ever since 2009) was something like 1/10 of 1%
Does anyone remember the sign boards outside every bank offering up to 10% interest on short term CDs in the fall of 2008?
When my mom called in February this year about opening a “savings account” for the grandkids at 5 1/2% interest, I knew something was up. Because the going rate the month before (and ever since 2009) was something like 1/10 of 1%