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Re: Saving was too COMPLEX for people?

Date: 2012-08-03 03:03 pm (UTC)
From: [identity profile] drdoug.livejournal.com
It does, but what's being suggested here isn't offering any of that - in contrast to the previous CAT scheme, there's no cap on charges or fees.

Now is not a bad time for a fundamental overhaul of consumer protection in the financial services industry, but this is emphatically not that. This is a gimmicky scheme that, if it succeeds, will increase the savings rate - which is really, really not what we want in the middle of an ongoing deleveraging crisis.

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