Monday, May 13, 2013

Steve's barking what ever happened school children savings account

It seems when I started public school every in New York City every school hooked up with the local bank and every Monday the children would put a dime(?) into their bank account teaching us little monsters the value of thrift, and in the mathematical department about compounding interest. But alas that the schools in New York City and perhaps the banks felt in was too much of a bother, so it seems this valuable teaching tool is gone forever.

I pine for the day when banks wanted my money, paying me if not a good interest rate at lest a decent one, and this holds true for corporate bonds. I guess were in an era of too much money chasing too much money. 

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