Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version nyu B notes v1.5 12/10/84; site acf4.UUCP Path: utzoo!watmath!clyde!burl!ulysses!allegra!bellcore!decvax!genrad!teddy!panda!talcott!harvard!seismo!cmcl2!acf4!greenber From: greenber@acf4.UUCP (ross m. greenberg) Newsgroups: net.flame Subject: Re: Social Security Message-ID: <580004@acf4.UUCP> Date: Wed, 9-Jan-85 08:59:00 EST Article-I.D.: acf4.580004 Posted: Wed Jan 9 08:59:00 1985 Date-Received: Sat, 12-Jan-85 06:39:59 EST References: <222@cmu-cs-cad.ARPA> Organization: New York University Lines: 12 <> One thing that I consider that is quite reasonable about the idea of IRA's versus Social Security is the amount of money that the banks will have in their "pantry". Consider what they would do with all that money --- certainly they won't sit on it, but will loan it out. And with all that competition, the rates would have to go down lower. I keep on thinking of my fathers mortgage: 3.5 percent!!! ------------------------------------------------------ Ross M. Greenberg @ NYU ----> { allegra,ihnp4 }!cmcl2!acf4!greenber <----