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.
Priceless!
ReplyDeleteSooooooo true!!
ReplyDeleteI 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.
ReplyDeleteI wouldn't doubt it at all.
ReplyDeleteHA HA!
ReplyDeleteThanks for posting!!
Steve
Common Cents
http://www.commoncts.blogspot.com