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WSJ: Confessions of a Former Quantitative Easer

edited November 2013 in Off-Topic
http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884

"I can only say: I'm sorry, America. 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."

Comments

  • I've been at this game for almost 50 years and never has anything benefited me more than QE. Ben served it up on a silver platter for investors and traders both small and large alike.
  • Mostly bunk, per the source pub, and of course nowhere does he say what should have been done instead. Crisis hindsight and all that.
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