The Federal Reserve may buy even more bad debt from Banks that loaned people money they couldn't afford to repay. This apparently is sending stocks higher in the hopes that companies with bad debt on their books will be restored to the point where they won't be afraid to expand their business, raise their employees salaries and hire more workers.
Banks will take the money and they will do with it what they did with QE1 and QE2 which is nothing at all. They will sit on the money.
Banks will take the money and they will do with it what they did with QE1 and QE2 which is nothing at all. They will sit on the money.
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