MONEY: What is the correct interest rate?

Your Take: FDIC Sets Bank Interest Rate Caps by Jim Wang

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Federal Deposit Insurance Corporation SealNear the end of May, the FDIC Board of Directors approved a rule that capped the interest rate “less than well capitalized institutions.”

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And, what part of fascism don’t you understand?

The gooferment is trying to run the banks.

What a joke.

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