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Federal Reserve slaps on financial rocket boosters but who will benefit?


               
2012 Sep 27, 1:10am   982 views  1 comment

by usmb3   follow (0)  

http://www.mybudget360.com/federal-reserve-qe3-benefits-banks-and-financial-institutions-household-income-1995-levels/

Thursday with Quantitative Easing 3.  After all, if something didn’t work the first time might as well rinse and repeat.  The markets are rallying yet what has come from the QEI, QEII, TALF, TARP, and all of those other backdoor bailouts?  What has resulted is that we now have the highest poverty rate in a generation and US households have seen their household income fall back to levels last seen in 1995.  Is this the solution?  Who really benefits from these negative interest rates?  The Fed had a hand in engineering the biggest real estate bubble we have ever witnessed...

#housing

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1   37108605   2012 Sep 27, 1:16am  

usmb3 says

What has resulted is that we now have the highest poverty rate in a generation and US households have seen their household income fall back to levels last seen in 1995.

Absolutely. So when this crew especially Biden sit and make it look to their flock that this wasn't just thrown down in 2008 remind them THIS is the RESULT of their handling of the mess. THEY MADE IT WORSE.

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