[NYC Republican]

Sounds great. But what happens when millions of idiot investors lose their shirts and demand gov't bailouts...?

From my understanding, only a small sliver or savings can be deposited. Even if they go into one of the least risky products (i.e. Treasuries), it's still a higher rate of return than the 1% or so they currently earn.

[mewzilla]

Bet they'd still demand a bailout. We'd be better off demanding the Feds cut spending and taxes so we could keep more of our own money to invest, period. That 1% idea sounds like training wheels for investors or something, which is fine in the long-term I guess, but people should be saving for retirement now.