The Federal Reserve has spent over $4 trillion buying up mortgage-backed securities in it much-publicized Quantitative Easing plan to boost the economy. But, according to a new op-ed confessional by a former QE architect, the main beneficiaries have been the big banks...
What Exactly is Quantitative Easing 2?
The term Quantitative Easing 2, or QE 2, has been bandied about in financial and investing circles so much lately that we can't pretend it doesn't exist. We were hoping it would disappear from public consciousness, never actually happen, and we wouldn't have to waste...