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mortgage backed securities

Bernanke Announces QE3

September 13, 2012

Federal Reserve Chairman Ben Bernanke announced that the Fed will purchase more than $40 billion a month of mortgage-backed securities, or in other words to embark on a third round of targeted quantitative easing as a way to help the stalling economy.  The markets rallied, Wall Street was smiling, and in no way was this [...]

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