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Why? Was there a liquidity crisis last time CDs were at 8%?

Probably not. I'm just pointing out that if there is a liquidity crisis, making it hard for banks and credit unions to lend money to customers with good credit needing to borrow for the usual reasons (prime mortgages, car loans, home improvement loans, credit cards), the banks and credit unions will have to offer savers much higher than current rates.

I am expressing doubts that the liquidity crisis that is of such concern to the big game players on Wall Street will trickle down, any more than the enormous amounts of money the big game players made setting the liquidity crisis in motion has trickled down. I think they are crying "please save us or the little folks will get hurt, too" as an excuse for pressuring the Fed to stop worrying about inflation and pump more cheap money out.
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