If short-term interest rates (primarily the target Fed-Funds rate) are close to zero the impact of more bank credit and more money creation through open market purchases remains.

FORBES: 'Quantitative Easing' Is A Toxic Phrase for a Routine Policy

If you want to keep it somewhere safe and accessible for emergencies or a short-term goal like a home purchase in the next 5 years, you might want to open it with a bank, credit union, or money market fund.

FORBES: Worried About Higher Taxes?

Instead of cutting rates to ease a blossoming crisis in the credit markets, the Fed started pumping cash through its open market operations.

FORBES: Magazine Article

To suggest that the CDS market is illiquid or open to manipulation is to misunderstand the symbiotic relationship between cash and synthetic markets in credit, which operate in exactly the same way and with the same benefits to investors as the cash and synthetic markets in interest-rate products.

ECONOMIST: A conglomerate doing well