Savings 1.7 percent annual return

I recently received an offer from a savings bank to open an account with them. They would not charge me to open the account and pay me 1.7 percent interest on my deposit and there would not be any minimum deposit restriction. Oh, and the FDIC would protect my ‘investment’. I guess these bankers don’t know that the FDIC is broke.

Wow! Needless to say I triped over my shorts in my rush to get to the phone and take advantage of this superb offer…NOT!

Looking at this from a new perspective, the savings bank is asking me to loan them whatever money I can, at a 1.7 percent interest rate. This is about as close to free money as anyone has ever come without being a bank robber.

Lets turn the tables on this nonsense. Lets see what the banks reaction would be. My offer is for them to loan me as much money as they have at an annual rate of 1.7 percent and I will not charge them for the priveledge to do so.

Do you suppose their reaction would be as dramatic as mine to their nonsensical offer?

Things look a whole lot different when the shoe is on the other foot.

You see, when you are in a business that does not produce anything worth marketing, the only way you can make money is to defraud the public.

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