Monday, 01 October 2012 15:14
Written by Bob Adelmann
CATO - The Fed’s New Round of Quantitative Easing By introducing another program to buy MBSs [mortgage-backed securities], to the tune of $40 billion per month, the FOMC [Federal Open Market Committee, headed by Fed Chairman Bernanke] is supporting the long-standing federal policy of special aid to housing, real estate and mortgage interests. These federal policies [...]
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