Bernanke's Case For Quantitative Easing.

What's amazing about the latest bout of quantitative easing is the total lack of pretense. By that we mean Bernanke isn't even pretending that that QE would actually benefit the real economy. We noted yesterday that buy concentrating buying at the short end of the yield curve, Bernanke was punishing savers (pinning short-term rates to the mat) and bailing out banks (keeping the yield curve steep).Link