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I posted this on my blog as well. I also noted last week, and fleshed out in greater detail today, that QE2 is effectively TARP 2. That belief was seconded by Andy Kessler in today's Wall Street Journal. I believe QE2 is an effort to put a floor under the housing market to keep toxic mortgages from swamping the banks again.
I wouldn't doubt it at all.
HA HA!Thanks for posting!!SteveCommon Centshttp://www.commoncts.blogspot.com