Relevant:
- Is The Housing Recovery Just an Illusion Created by the Federal Reserve?
- Washington Signals Dollar Deep Concerns
- Fed May Buy Mortgages Next, Treasury Investors Bet
- Fed Unveils Plan to Expand Balance Sheet In New "I Can't Believe It's Not QE(TM)" Program
- Fed Decision: Quantitative Easing Continues; Bond Proceeds to be Reinvested
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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