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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  2/27/2015
THURSDAY, SEP 27, 2012  |  4 comments
Fed Virtually Funding the Entire US Deficit

The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver should another crisis hit, economist Lawrence Lindsey told CNBC’s “Squawk Box” on Wednesday.

Lindsey said that with the Fed purchasing at least $40 billion a month in mortgage debt through QE3, “they are buying the entire deficit.” (Read more: Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates.)

“I have no problem doing extraordinary things in extraordinary times,” said Lindsey, a former White House economic advisor under former president George W. Bush who now runs his own consulting firm. ...


CLICK HERE to Read Entire Article
www.cnbc.com

Response to economic crisis?
  START  
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· Page 1 ·  Found: 4 user comment(s)
News Item9/28/12 4:35 PM
jpw  Find all comments by jpw
Scott, who is the FED?
4

News Item9/27/12 8:24 AM
Mike | New York  Find all comments by Mike
Scott McMahan wrote:
What I don't understand is why the Fed keeps doing what they're doing. They've been doing the same thing since 2001, and we've had the dot com bubble, the housing crisis, and the banking crisis. What they're doing is not working and is making things worse. If the Fed could fix things, then things would have improved long before now, since the Fed has been doing what it is doing over a decade. I think it's time to quit, really, and try something else. Low interest rates are not helping the economy.
A little sad humor could help explain:The Bernanke
3

News Item9/27/12 7:32 AM
Rufus | Fort Worth, TX  Protected NameFind all comments by Rufus
Scott McMahan wrote:
What I don't understand is why the Fed keeps doing what they're doing. They've been doing the same thing since 2001, and we've had the dot com bubble, the housing crisis, and the banking crisis. What they're doing is not working and is making things worse. If the Fed could fix things, then things would have improved long before now, since the Fed has been doing what it is doing over a decade. I think it's time to quit, really, and try something else. Low interest rates are not helping the economy.
If it makes no sense then perhaps what we presume to be may not be. For instance, perhaps the fed is not really interested in fixing things?
2

News Item9/27/12 7:07 AM
Scott McMahan | Internet  Protected NameFind all comments by Scott McMahan
What I don't understand is why the Fed keeps doing what they're doing. They've been doing the same thing since 2001, and we've had the dot com bubble, the housing crisis, and the banking crisis. What they're doing is not working and is making things worse. If the Fed could fix things, then things would have improved long before now, since the Fed has been doing what it is doing over a decade. I think it's time to quit, really, and try something else. Low interest rates are not helping the economy.
1
There are a total of 4 user comments displayed | add new comment |Subscribe to these comments
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