Former Federal Reserve official, Andrew Huszar, has been making the rounds this week apologizing to America for his part in QE. See his article on WSJ.com here. Below is his opening statement.
"I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."
I found the article both interesting and scary and it made me think...
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Every Success,
Jeremy Lutz
