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The U.S. Again Endorses Big Spenders


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2012 Sep 13, 5:15am   1,390 views  4 comments

by FunTime   ➕follow (1)   💰tip   ignore  

http://www.bloomberg.com/news/2012-09-13/fed-plans-to-buy-40-billion-in-mortgage-securities-each-month.html

Since January, the Fed had said the rate was likely to stay low at least through late 2014. The Fed said “a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens.

#housing

Comments 1 - 4 of 4        Search these comments

2   freak80   2012 Sep 13, 5:56am  

What they're doing is criminal.

I wish Uncle Ben would print me up some money every time I make a mistake.

3   FunTime   2012 Sep 13, 7:32am  

I wonder how the Fed recognizes those of us without the money to provide mortgages but unwilling to spend ourselves into financial insignificance? Is that its own reward?

4   taketheplunge   2012 Sep 13, 8:00am  

Sounds like Operation Twist wasn't enough. Bernake has followed that up with his masterstroke, Operation Screw.

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