Fed Official: QE is greatest backdoor Wall Street bailout of all time.

Discussion in 'Markets & Economies' started by trew, Nov 18, 2013.

  1. trew

    trew Active Member Silver Stacker

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    Ex Fed Official, Andrew Huszar, that ran the QE bond buying program writes in the Wall Street Journal


    http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884
     
    trew, Nov 18, 2013
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  2. AngloSaxon

    AngloSaxon Active Member

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    Relevant commentary by guest of Greg Hunter

    [youtube]http://www.youtube.com/watch?v=usahyL0rNNU[/youtube]
     
    AngloSaxon, Nov 18, 2013
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  3. Old Codger

    Old Codger Active Member Silver Stacker

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    Said it before a dozen times. the REAL purpose of QE is to BUY US TREASURY BONDS!

    The MBS purchases are certainly a bail out of sorts, but those Bonds MUST be sold, and the Fed is just about the only buyer.

    The more Bonds they (the USG) need to sell, the more Bernanke/Yellan will PRINT! Think US$700 TRILLION if the derivatives fall in a hole.

    JMO



    OC
     
    Old Codger, Nov 18, 2013
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