Who gonna pay for it? You know it not gonna be corrupted TOo Big to Fail but little Taxpayers be one to finance Financial malfeasance... And insult to injury fed ongoing QE monthly payout under-the-table with out American public knowing and to support bailout EuroZone Austerity measures and further our taxpayers money is to paid out for the many lawsuits brung on by other nations for our Financial malfeasance those CMO ,Subprime mess... What next is Deriviatives Market that will make even bigger commotion than 2008 financial maelstorm! Many of of our clueless Americans don't even know what are concurrent Consequences of contrived plan that that took many by storm, that is bilking there savings , and ruined their investment portfolios... that is if you many can't it is will financial/ criminal negligence!From the Fed official who was in charge of bond purchases:
"Ex-Fed official:'I'm sorry for QE'"
There's a real question as to whether the benefits of monetary easing were worth the cost, former Federal Reserve official Andrew Huzar says. There's a real question as to whether the massive bond-buying program known as quantitative easing was worth the cost, former Federal Reserve official Andrew Huszar said Tuesday.
"My argument is not that QE was not at all useful," he said on CNBC's "Fast Money."
"I believe that at the time, it was just one more tool that the Fed introduced to try to help the economy," he said. "My point, ultimately, is the idea that very quickly turned into QE, it started becoming obvious that it wasn't working in any of the ways that it was supposed to."
Huszar, a senior fellow at Rutgers Business School and a former managing director at Morgan Stanley, noted a few of the program's unintended effects.
"I think the real issue is that the Fed has expanded its tool kit so dramatically, and really there are some real questions as to how potentially it unwinds, when it unwinds," he said. "We saw this past summer there was this announcement of a potential taper and the markets actually tanked, and after that the Fed backpedaled. What's going to happen if we go on for months, years longer?"
Huszar apologized for his role in QE in a Wall Street Journal op-ed published Monday.
"I can only say: I'm sorry, America," he wrote. "The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."
Many our Dumb down Americans are clueless and had taken to cleaners by those in corrupted Power/wall street had lied to the public, as the OWS movement trying to explained it to clueless masses but many just so ignorant even attack the wrong group and cast them aside ! Know now you Middle Class Americans now become our New America Pauper class! What a pity, to laugh or cry? You know me ! BWhahhahahahaaaa