Comments on: Bernanke: Banks’ tight standards hurting economy http://thedailyrecord.com/2012/11/15/bernanke-banks-tight-standards-hurting-economy/ Maryland's trusted source for business and legal news Mon, 10 Jun 2013 01:19:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cindy Walsh http://thedailyrecord.com/2012/11/15/bernanke-banks-tight-standards-hurting-economy/comment-page-1/#comment-59241 Cindy Walsh Mon, 26 Nov 2012 17:38:17 +0000 http://thedailyrecord.com/?p=228103#comment-59241 The Fed is creating the atmosphere of banks not needing to make loans by keeping interest rates at 0%. They don't need to do work, they simply need to take free money and invest in the market for all the profits they need. The Fed is financing these bank's capital cushions so that they will not need to use any of their own money. Bernanke's QE3 is meant to provide the perfect conditions for equity companies that created the massive fraud and are now bust to rebuild. As banks gear up to send those bundled foreclosures through the same subprime fee-generating turnover mill with a landing with those investment firms, they will then turn all those foreclosures into rental properties in these urban centers now being developed as affluent neighborhoods. Was this a great and massive scheme or what? The Fed is creating the atmosphere of banks not needing to make loans by keeping interest rates at 0%. They don’t need to do work, they simply need to take free money and invest in the market for all the profits they need. The Fed is financing these bank’s capital cushions so that they will not need to use any of their own money.

Bernanke’s QE3 is meant to provide the perfect conditions for equity companies that created the massive fraud and are now bust to rebuild. As banks gear up to send those bundled foreclosures through the same subprime fee-generating turnover mill with a landing with those investment firms, they will then turn all those foreclosures into rental properties in these urban centers now being developed as affluent neighborhoods. Was this a great and massive scheme or what?

]]>