Comments on: Talking QE2 on PBS’ NewsHour http://blogs.reuters.com/chrystia-freeland/2010/11/10/talking-qe2-on-pbs-newshour/ Tue, 18 Jun 2013 20:13:27 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: saucymugwump http://blogs.reuters.com/chrystia-freeland/2010/11/10/talking-qe2-on-pbs-newshour/comment-page-1/#comment-474 saucymugwump Wed, 10 Nov 2010 19:31:30 +0000 http://blogs.reuters.com/chrystia-freeland/?p=441#comment-474 On the NewsHour, Freeland said: "And I think the problem is, when the Fed acts as it does, printing more money, it's a rich-get-richer phenomenon. This is going to be great for the banks. It's going to be great for people whose personal finances are strong enough that they can re-mortgage -- refinance their mortgages. But it's not so great for the people who are in trouble." Freeland hit the nail on the head: Bernanke's $600 billion largesse is yet another gift to the wealthy. On the NewsHour, Freeland said: “And I think the problem is, when the Fed acts as it does, printing more money, it’s a rich-get-richer phenomenon. This is going to be great for the banks. It’s going to be great for people whose personal finances are strong enough that they can re-mortgage — refinance their mortgages. But it’s not so great for the people who are in trouble.”

Freeland hit the nail on the head: Bernanke’s $600 billion largesse is yet another gift to the wealthy.

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