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Foreclosure Defense Florida

Ben Bernake, The Federal Reserve And The Treason of QE3

bernake-documentsRemember QE3?   QE 3 announced last month was supposed to be a shot in the arm to the US housing market.   But then a funny thing happened…..Wells Fargo actually raised its rates….and the banks are so far behind in processing loan applications they’re talking 90 days to close.
And so I started digging …..turns out QE3 will do next to nothing in the short term for guys and gals like you and I….the taxpayers who are burning $40 billion a month….that money is being turned over to Goldman Sachs and the investment banks of the world who will filter it through Fannie and Freddie.
It’s obscene….$40 BILLION A MONTH OF MY MONEY BEING THROWN AT THE BANKS THAT CAUSED MOST OF THIS.
Starting this month…$40 BILLION A MONTH JUST LIT ON FIRE!
https://www.bloomberg.com/news/2012-09-13/fed-plans-to-buy-40-billion-in-mortgage-securities-each-month.html