Finally

Finally an apology and explanation from a former FED official.  Opening paragraph of the WSJ article here:

Andrew Huszar

Nov. 11, 2013 7:00 p.m. ET

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.

For more detail see the article here:

http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884

 

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