To: NormsRevenge; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; ...
RE :”
The Fed said it would launch a new $400 billion program that will tilt its $2.85 trillion balance sheet more heavily to longer-term securities by selling shorter-term notes and using those funds to purchase longer-dated Treasuries. It will now also reinvest proceeds from maturing mortgage and agency bonds back into the mortgage market, an acknowledgement of just how weak conditions in the sector have remained. “
QE3 ping!
Greenspan taught Bernanke that printing money can cure any problem.
9 posted on
09/21/2011 12:09:24 PM PDT by
sickoflibs
(Over-taxed means 'paying too much in taxes', not zero taxes)
To: sickoflibs
”The Fed said it would launch a new $400 billion program that will tilt its $2.85 trillion balance sheet more heavily to longer-term securities by selling shorter-term notes and using those funds to purchase longer-dated Treasuries. The market doesn't seem impressed...
13 posted on
09/21/2011 12:31:43 PM PDT by
GOPJ
(126 people were indicted for being terrorists in the last two years. Every one of them was Muslim.)
To: sickoflibs
RE: "Greenspan taught Bernanke that printing money can cure any problem."
Well said. But in this particular case, they are not printing new money.
27 posted on
09/21/2011 1:39:41 PM PDT by
Marine_Uncle
(Honor must be earned....Duncan Hunter Sr. for POTUS.)
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