Fed decides to end quantitative easing stimulus program
Source: AFP
Washington (AFP) - The Federal Reserve decided Wednesday to end its quantitative easing stimulus program, after six years of pumping money into the economy via asset purchases to shore up growth.
The Fed also said it would not raise interest rates for "a considerable time" after the end of the QE program, sticking to its timetable of an increase well into 2015.
The two key signals of its monetary policy were expected, as the US central bank pulls away from the era of economic crisis with an economy that is growing steadily, but with some worry about weak inflation.
The Federal Open Market Committee, in a post-meeting statement, said the economy continues to grow at a "moderate" pace and labor market conditions, long a particular FOMC concern, have improved "somewhat".
Read more: https://news.yahoo.com/fed-decides-end-quantitative-easing-stimulus-program-181135776.html;_ylt=AwrBEiKdLlFURhoAY87QtDMD
= new reply since forum marked as read
But what's a couple trillion between friends, right? 
Response to FBaggins (Reply #1)
Why Do Banks Really Want Our Deposits?
by ELLEN BROWN
...
Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.
Robert B. Anderson, Treasury Secretary under Eisenhower, said it in 1959:
When a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposits; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.
...
All of which leaves us to wonder: If banks do not lend their depositors’ money, why are they always scrambling to get it? Banks advertise to attract depositors, and they pay interest on the funds. What good are our deposits to the bank?
The answer is that while banks do not need the deposits to create loans, they do need to balance their books; and attracting customer deposits is usually the cheapest way to do it.
...
http://www.counterpunch.org/2014/10/27/why-do-banks-really-want-our-deposits/
Oh, and you did notice that they aren't raising interest rates, so that whole "getting interest" thing, not so much. Another thing that helps the big banksters roll over the little ones.
FHFA is lowering down payments to 3%, so they can put more people in debt. Interesting - one of the underpinnings of a fraud case would be to knowingly breach your fiduciary responsibility to not make bad loans.
Precisely the way we created the housing bubble and crash. We knew and the banks knew the outcome of low down loans - it's not a risk, it's a virtual certainty that most will blow up - and they knew prior to 2004 that targeting that market, and doing it with insufficient assets to back it all up, would create great profits for banks. When it blew up we screwed over working people (take a read of Timothy "Killer" Geithner's book Stress Test - it outlines the whole thing, and how they "forced" the banksters to take the money) to support these banks that donated to the last campaign so generously.
"Because the alternative would have been worse", they say. For the wealthy, certainly, and Geithner's friends, sure. For the rest of us I doubt it.
Now they want to do it again.
