No but if I understand correctly the fed uses some of the QE money to buy toxic mbs from them banks. And the banks use the fresh liquidity to loan to hedge funds who in turn leverage that money into the stock market. I don't believe this leveraging gets counted in the margin debt numbers I read about. Not fully anyway. Thus the amount of leverage supporting the equity markets is even higher than the margin debt quoted from time to time.
This I have conclud is the basis of the "failure" of QE. Instead of the banks lending to businesses and individuals to fuel economic activity, they either are buying stocks or lending to the hedge funds to do the same.
I might be wrong here and correct me if I am.
They do in collusion, with gs ms and the banks they work for. The work they are doing is basically, designed to make you broke so you have to go along with their eventual austerity measures. Wake up.
drug cartels never sell drugs in the US streets either, why the heck DEA issued warrant arrest for them ??
actjac1324 is the only idiot didn't know who is behind the iron curtain pullin' the strings.....