Savers vs speculators
We ask if the government and Central Bank remedies are penalising workers and savers.
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| Working and saving has become risky, says analyst Max Keiser |
As markets around the world tumble and bank after bank announce massive write downs – or like Bear Stearns – collapse, governments have been quick to alleviate the problem by cutting interest rates and rescuing banks with taxpayer money.
But are savers, workers, pensioners and other people on a fixed income being penalised for the reckless speculation of a few?
And if speculators are being bailed out on such a large scale, then will it encourage them to continue to do so in the future – knowing that the government will be there to bail them out?
In Savers vs Speculators, Max Keiser speaks to striking British police officers, consumers and pensioners to see whether they are noticing rising prices at a time when they will now be collecting less interest on their savings account.
An in-studio discussion with investors Bronwyn Curtis, from Arch Group and Justin Urquhart Stewart, from Seven Investment Management follows.
Watch part one of this episode of People & Power on YouTube
Watch part two of this episode of People & Power on YouTube
This episode of People & Power airs from Sunday, March 23, 2008 at the following times:
Sunday (repeat): 14:30 GMT
Monday (repeat): 01:30 and 13.30
Tuesday (repeat): 06:30 and 20.30
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