Jun 27, 2013

How Will We Live Without Quantitative Easing?

Dan Wasserman, 6/24/13:
The head of the Federal Reserve Board tentatively saying that, considering that we've been in a mild recovery for several years, and contingent on economic indicators continuing to get better, then he's going to finally make big banks pay a tiny pittance for the money they get from the government instead of continuing to give it to them for free...well, that's like yelling fire in a crowded theater, isn't it?

TL; DR: bankers are worried that this particular free ride might be over, and are capturing profits to add to their already bulging pockets. Cry me a river.

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