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All Da King's Men

Quantitative Easing Explained

By Da King Published: November 15, 2010

I provide the following video as a public service announcement. Here is everything you need to know about the Federal Reserve and it's new policy of providing $600 billion in quantitative easing:

Classic. Any questions ?

I don't have much to add, other's sure good to be Goldman Sachs. Nice work if you can get it, and...isn't it great that our new President took on those special interests ? One more question about Goldman Sachs - when Goldman Sachs can get money for free from the Fed and then use that money to buy bonds that provide a guaranteed profit for Goldman Sachs.....can we even call that free market capitalism ? I don't think so, but it sure explains the new business model of the Goldman Sachs and other mega-banks. Why should they make loans when the government has guaranteed them a zero-risk profit ? Maybe someone should ask the Ben Bernank.

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