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It's a bubble popping. The Fed is trying to gradually let the air out while still targetting mortgage rates.

Is he popping it too quickly or too slowly or just right? And IIRC, he said he'd buy 10 years to keep the yield down, but the yields are rising. How can that be?

The predictable result is that the government owns more and more mortgages (leads to socialism, gives Barney more power, etc).

The government or the Fed?

The 10 years are still being bought by speculators who hope to sell to other speculators who hope that the Fed will buy more later.

But the Fed was buying as yields were rising.

I'd greatly lower the FDIC fees that are killing small banks

You'd have the Fed print money and give it to banks to pay the FDIC?

That also makes up for the inflation hit on savers.

Ahhh, print money, to counteract inflation. Good idea!

I'd put money into Fannie and Freddie and then IPO them to make them private again.

Interesting idea, but money from the Fed?

I acknowledged the inflation, not trying to counteract it, just soften the blow on savers. Inflating and giving away money is never good, but it is a quick way to deal with an overleveraged situation.

Is he popping it too quickly or too slowly or just right? And IIRC, he said he'd buy 10 years to keep the yield down, but the yields are rising. How can that be?

Market rates on 10 years should reflect expected inflation within 10 years plus risk of default whether partial or full. The US is lurching into socialism raising the risk of default due to reduced economic activity. The risk of inflation within 10 years is extremely high due to the QE itself because QE is inflationary. The fact that the current QE is failing to keep rates down is a sign that more QE (inflation) will be needed.

If inflation is inevitable it is simply better to get it over with because the anticipation of inflation causes serious market excesses (e.g. last year's oil bubble) that are far worse for the economy than the one time hit.

But the Fed was buying as yields were rising.

That's the way markets work, the sellers at that point in time were throwing in the towel believing that the Fed was doing its last purchase. But then the market levels off or stutters, the credit market tightens, things look a little more dicey; so then the speculators pile back into the 10 years knowing that the Fed will soon be back.