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mk · 2233 days ago · link · · parent · post: The Fed just pumped $128 billion into markets to pull down interest rates, its first injection in 10 years
Jesus. Almost 1/2 of QE1. I wonder how much they are sweating this. What is the Fed's worst case scenario behind closed doors? I wonder if they understand the causes. The Financial Times basically said that the tax thing doesn't hold water. Maybe you are right, uhsguy. Maybe too many borrowers have bad milk, and banks aren't willing to hold them at the rate the Fed suggests.