Federal Reserve official, I was responsible for executing the centerpiece program of the Feds 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 Ive come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time. Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. online.wsj/news/articles/SB10001424052702303763804579183680751473884
Posted on: Wed, 17 Sep 2014 21:35:12 +0000
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