Jimmy Carter actually said...

"I am asking that the Congress permit an orderly transition to a system where the average depositor can receive market-level interest rates on his or her savings."

"They discriminate against the small saver, who often lacks sufficient funds to purchase market-rate securities which are available to the large investor."

"It is particularly unconscionable for the Federal government to prohibit small savers from receiving the return on their deposits that is available to large and sophisticated investors."

"The actions I am recommending today will help assure a steadier flow of mortgage credit for homebuyers."