Negative Interest Rates - Seniors Last Frontier

Seniors had savings.  They planned to live on the interest.  Rates went to nil.  Screwed.

Seniors had pensions.  Corporations raped their pension plans and then topped it off by going bankrupt.  Screwed.  Seniors bought Triple A sub prime paper, chasing yield.  Sub prime paper was a fraud.  Triple A was a fraud.  Screwed.

Seniors owned their homes outright.  In the U.S., real estate collapsed.  Screwed.  Some American seniors bought reverse mortgages on their paid-off homes and they ended out on the street.  Screwed.

Most seniors were left with only what was in their personal bank accounts earning no interest.  The final thrust?  Negative rates that prey on these accounts.  The fifty super rich Wall Street a..holes want every last cent … and your fillings.  Repeat Performance.