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Fed to kick off QE3
- azmenthe 14y agoThank goodness too! Now I can afford that iphone 5!
- DiabloD3 14y agoThis is why politics are off limits on HN: its so I don't have to remind people that the Federal Reserve is not a government agency, cannot cover it's debts, does not have $40 billion dollars per month (or $40 billion dollars at all) to buy toxic assets, and holds like a trillion dollars in Federal Treasury bonds that were paid with using fake money. It doesn't matter who gets (re-)elected President if this isn't stopped.
- ChuckMcM 14y agoThink of it like a huge do over, so many people had opinions about whether or not the nascent Federal Reserve could have prevented the Great Depression with more aggressive action. Now we get to see for ourselves.