So CD buyers may not actually be taking to the streets to protest low CD rates, but today's ultra-low yields are a product of the same series of debacles that have spawned the Occupy Wall Street protests, which began last month in New York.
There were a confluence of factors that contributed to the financial crisis. The Financial Crisis Inquiry Commission, created by a law signed by President Obama, found that at the heart of crisis was human greed and failure, not an inevitable contraction as part of the business cycle. The federal government bailed out the very entities that played huge parts in the near collapse of the financial system; a quagmire that would cause $11 trillion of household wealth to evaporate, millions of jobs to be lost and business failures around the country.
For that, taxpayers have, in many instances, been illegally forced out of their homes; small businesses can't find loans and millions of savers are being denied interest income.
People who followed the rules got hurt -- and continue to be hurt -- by the actions of people far removed from their circumstances. In and of themselves, CD rates may not be worth protesting but they're part of the larger picture that may very well be worth taking to the streets.
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