Interest Rates.

[JoeDoe]

The PRIME interest rate in this country currently is, and has been for years, one fourth of one per cent, 0.25%. Bank of America pays me one fourth of one per cent on my savings account. Bank of America charges me 4.5% on my Mortgage. That's 18 times more. Bank of America charges me 12 % on my car loan. That's 48 times more. Bank of America charges me 18 % on my credit card balance. That's 72 times more. HOW and WHY is this POSSIBLE and TOLERATED.
IMAGINE WHAT WOULD HAPPEN TO OUR ECONOMY IF THESE RATES WERE CUT IN HALF.