And feeling financially screwed,
When he read in his statement
How lowly his rate went
That int'rest had barely accrued.
As the US attempts to pull out of a financial hole brought on by over-leveraging, it seems that no-one is looking out for the interests of US savers; no-one, that is, but Kansas City Federal Reserve Bank President Thomas Hoenig. Mr. Hoenig, who does not have a vote on monetary policy this year, urges the Fed to sweeten the pot for savers by raising interest rates from near zero.