Bankers React to QE3
September 17, 2012 10:29 AM
(Image: Bloomberg News)
"All of this activity is nothing more than artificial propping up of our markets."Related Article: What's Your Take on the Fed's Big Move? (Image: Fotolia)
"Although I would normally be against this much tampering … I do not believe we have a choice. … Too many human beings are hurting. … Almost anything we can do that may help, we must try."Related Article: What's Your Take on the Fed's Big Move? (Image: Bloomberg News)
"The image that keeps fighting for my attention is of King Canute, the Danish/English King, who as story would have it commanded the tide not to come in. … Was that to prove to his followers that there are limits to what can be commanded, or was it with some belief that he might succeed?"Related Article: What's Your Take on the Fed's Big Move?
"Hard to believe that only ONE of the committee members voted against this course of action. At least Jeffrey M. Lacker wasn't lacking on this decision. his opposing voice is right on!"Related Article: What's Your Take on the Fed's Big Move? (Image: Bloomberg News)
"Let's hope they exercise a bit more discretion [with regard to] which mortgages they invest in than the GSE's did before the bubble burst."Related Article: What's Your Take on the Fed's Big Move?
"Businesses must step up now and not wait for the next move or boost by the federal or state government. Let's get busy and start competing again on the world wide stage."Related Article: What's Your Take on the Fed's Big Move? (Image: Shutterstock )
"The cumulative impact of this for the next three years … will send many more senior citizens who have been frugal all their lives into bankruptcy."Related Article: What's Your Take on the Fed's Big Move? (Image: Thinkstock)
"Fed QE3=uncertainty and stupidity."Related Article: What's Your Take on the Fed's Big Move? (Image: Thinkstock)
"Time to end the Fed and go back to a gold standard! Nothing else will work. It might be too late even for this but it would be more productive than printing more paper."Related Article: What's Your Take on the Fed's Big Move? (Image: Bloomberg News)
"As a former Princeton professor, Bernanke should be familiar with Einstein's definition of insanity."Related Article: What's Your Take on the Fed's Big Move?
"This isn't following the same faulty policies and expecting different results. This is worse. This is following the same failed policies, getting the same results, and using the formidable PR engine of the government to propagate the message that these results are good."Related Article: What's Your Take on the Fed's Big Move? (Image: Thinkstock)
"These low [interest rate] levels will hurt people living off savings and hurt community banks. There are just so many aspirins you can take for a headache, after that they start to cause more problems than the headache we were trying to cure."Related Article: What's Your Take on the Fed's Big Move? (Image: Thinkstock)
