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Fed Official Who Helped Orchestrate QE: "I'm Sorry, America"

Wednesday, November 13, 2013 - 8:17 AM
"I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."
- Andre Huszar

http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884
7
ShorebreakShorebreak2,364 posts since
Apr 6, 2010
Rep Points: 12,590
1. Wednesday, November 13, 2013 - 12:51 PM
That is more shocking than enlightening.  Guess that everyone with a brain kinda expected it, but still when it is out in the open like that....

More: http://www.cnbc.com/id/101192690
6
51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,348
2. Wednesday, November 13, 2013 - 4:00 PM
Yellen says Fed has 'more work to do'

http://www.reuters.com/article/20...ame=topNew
4
ShorebreakShorebreak2,364 posts since
Apr 6, 2010
Rep Points: 12,590
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