Relevant:
- Is The Housing Recovery Just an Illusion Created by the Federal Reserve?
- Fed May Buy Mortgages Next, Treasury Investors Bet
- Fed Decision: Quantitative Easing Continues; Bond Proceeds to be Reinvested
- Quantitative Easing Benefits the Super-Elite ... And Hurts the Little Guy and the American Economy
- Fed may circle back to mortgage-backed securities
2012-12-27 — msn.com
``Just as a wintry chill was setting in, between Thanksgiving and Christmas 2008, the economy faced an imploding housing market and financial-system meltdown. At the Federal Reserve, desperate policymakers decided to start using freshly created dollars to buy mortgage securities. This drive, which came to be known as "quantitative easing" or QE1, was expanded in early 2009 to include Treasury bonds.''
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