http://finance.yahoo.com/news/Fed-boss-More-securities-buys-apf-596531551.html?x=0&sec=topStories&pos=main&asset=&ccode=
Gee I wonder if Ben is talking about picking up the tab for all those foreclosures that the AMI (American mortgage investors)wants bought back by the banks. Isn't it nice of Ben to do that on "our" dime? The timing seems perfect doesn't it?
Coincidence? I doubt it.
Federal Reserve Chairman Ben Bernanke said Monday that the economy could be helped by another round of asset purchases by the central bank.
Bernanke's comment reinforces analysts' beliefs that the Fed is likely to take action at its next meeting Nov. 2-3.
The Fed is considering launching a new program to buy government debt, a move aimed at driving down rates on mortgages, corporate loans and other debt. It's wrestling with how much it should buy.
"I do think the additional purchases -- although we don't have the precise numbers for how big the effects are -- I do think they have the ability to ease financial conditions," Bernanke said during a town-hall style meeting here with college students.
During the recession, the Fed ended up buying a total of roughly $1.7 trillion of mortgage securities and debt, as well as government bonds. Bernanke called that "an effective program."
