Banks Mae News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Called q e-3 in washington speak. translation, the bank will print more money to buy what could be hundreds of billions of bonds or mortgage debt. this on top of the $2.3 trillion the fed has already spent trying to get more americans working. how? well, the aim is to lower long-term interest rates and stimulate more businesses and consumers to borrow and spend. jump starting the recovery. yet a new bond buying binge means printing more money as our national debt tops $16 trillion and there is plenty it of disagreement about whether it will work anyway. with unemployment stubbornly above 8% it is not clear past efforts have. although banks mae have more money to lend they haven t been quick to do so. and even if businesses and consumers have more cash they don t seem ready to spend with so much uncertainty about economic policy after the election. plus, this kind of move by the fed could also take the heat off those really in charge of getting the economy going, congress and the white ....

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