IDK why this is being downvoted...poster is right. QE never ended in 2008 or when it peaked in 2010...and the closest we came to trying was in 2010 which spark

IDK why this is being downvoted...poster is right. QE never ended in 2008 or when it peaked in 2010...and the closest we came to trying was in 2010 which sparked a flash crash and was immediately shelved as an option in favour of three more rounds of QE on the house. from TFA: "The Fed's pandemic actions fueled a housing boom" well thats part of the issue (pulling a mini tarp), but the other half of the story is the extraordinary steps taken way back in 2010 to keep people in their homes in the first place. The government wanted cake and they wanted to eat it too. Banks that over-leveraged and pandered predatory loans were never allowed to crash and burn; they were almost all bailed out through TARP. homeowners in turn who accepted these loans were also often gifted with TARP assistance that kept them in overvalued homes. auto-makers without customers were never made to reform, only a few token concessions and mergers here and there for companies with a track-record of dismal performance, and a well published cosmetic defect when executives from these conglomerates came with dog-eared pockets to congress on private jets. Effectively, when the market ran out of gas, the federal government began expectorating ether into the air scoop of the economy like a wasteland war boy effectively trying to outrun any crash that didnt focus entirely on the poorest members of society.