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re: Rick Santelli goes bonkers attacking QE and the fed
Posted on 7/15/14 at 8:53 am to goldennugget
Posted on 7/15/14 at 8:53 am to goldennugget
quote:
Pretty much sums up my frustration with QE, easy money and the federal reserve. All it has done is prop up the stock market, which is essentially bailing out the mega banks and further enriching the wealthy
The real insulting part too is that Obama was able to go out there and pander to these occupy wall street types as if he was against wall street.
The worst part is this $85 billion a month in QE has been going on for six years now and there doesn't seem to be any outrage anywhere.
2
Posted on 7/15/14 at 9:10 am to constant cough
quote:
$85 billion a month in QE has been going on for six years now
Factually inaccurate. July purchases will be less than half that. Pretty sure the last month it was $85 bil was sometime late 2013.
ETA: Santelli IRATE, and wrong, and stupid.
This post was edited on 7/15/14 at 9:13 am
Posted on 7/15/14 at 9:58 am to constant cough
obama has pandered to all sorts of groups and fooled them. That jackass wants to rail on big business and say how much he wants to help small business, but who benefits from all this regulation on companies? You guessed it....the big companies who can absorb the cost. People who take these assholes at face value are lost balls in high weeds.
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