“QE3″ it is another banker bailout in disguise.
Micheal Snyder writes “The truth is that it isn’t as if banks are hurting for cash to loan out,”
“In fact, right now banks are already sitting on $1.6 trillion in
excess reserves. Just like with the first two rounds of quantitative
easing, a lot of the money from QE3 will likely end up being put on the
The gap between rich and poor will only increased.
“I want to be clear — While I think we can make a meaningful and
significant contribution to reducing this problem, we can’t solve it. We
don’t have tools that are strong enough to solve the unemployment
problem,” Ben Bernanke.