Anyone of 200,000 homeowners getting $150,000 forgiveness on principle of their loans is WINNING BIG for being irresponsible. Of course anyone stupid enough to have a deposit account with BAC is LOSING BIG.
But of course, you are turning an after-tax asset into taxable income when you buy that bond. Might not be the best choice even at 3.334% interest rate. And Bernanke's "necessary" inflation is erroding the value of that fixed coupon the entire time. He wants 2-4% inflation, then you need to demand 5.334 - 7.334% coupon on a 30-yr bond -- just to have your interest payment be worth something in 30-years. When you factor in Federal tax rates, you should demand an additional 28% premium. 5.334*1.28 = 6.8% as minimum acceptable interest rate.