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  Dividend stocks: Buyer beware

  Posted: January 30th, 2012, 5:00pm MST

  There's one group of people who aren't cheering Ben Bernanke's announcement last week that the Federal Reserve expects to keep interest rates ultra-low through 2014: people of modest means who live off their interest income. As I've been pointing out since 2007, the Fed has eviscerated the income of prudent savers in its attempt to repair the economic damage caused by imprudent borrowers and lenders. I believe that the Fed, whose job is to protect the financial system and promote employment, is acting in the best interests of the country at large. But what's helping the overall economy is hurting savers.