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HomeChris Whalen on QE3: “Core Problem is Fraud” Recommended
Posted by Larry Doyle on September 19th, 2012 2:47 PM |
I have long maintained that if and when private capital is not protected that it will flee or perhaps just stay under the mattress. I strongly believe we have experienced that very scenario in our nation as a result of the massive frauds perpetrated throughout our markets and economy. Who would seem to share that view? Perhaps the highest rated banking analyst in the market today, Tangent Capital Partners’ Chris Whalen.
In what can only be described as a Sense on Cents classic, Whalen shares his views on the recently announced QE3 at The Daily Bail,
The announcement last week by the Federal Open Market Committee that the central bank would initiate additional, open-ended purchases of residential mortgage backed securities (RMBS) was more than a little sad. Let us count the ways. (more…)
