While Federal Reserve Chairman Ben Bernanke saves people from losing their home by lowering interest rates, what about those who have lived frugally, saved their money and put it in savings to earn them a little money?

A drop in a year on a COD down to 2 percent income certainly has damaged them. The money they invested has dropped more than half — money they used to buy necessities and pay on monthly bills, particularly taxes on their homes annually.

If most of those people did not buy homes that they could not afford, wouldn't some of these foreclosures been prevented?

I was born during the Great Depression, and our parents taught us about living within our means and always saving a little.

EVELYN BOYD

Chocowinity