Bernanke planning QE3 program to throw more cash at Wall Street

For goodness sake it’s not working so stop it. The quantitative easing programs have thrown wads of cash to Wall Street but nothing has trickled down from their pockets. Not even bread crumbs. The Federal Reserve really needs to be corralled because it’s beyond cray to keep printing money just to help Wall Street. Let Wall Street go make their own money without government handouts and quit this nonsense. Aren’t we supposed to be a capitalist country?

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.

Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures.

“Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation,” he said.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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