Finally, some good news for banks
NEW YORK-- After being clobbered on fears of a slowing economy — and the Federal Reserve's potential reaction to it — U.S. bank investors are starting to focus on the potential for silver linings.
The two words on everyone lips are "quantitative easing," or the Federal Reserve's program to stimulate the economy by buying up the very government bonds it already sold.
Although the practice is controversial, banks would benefit big time because they would act as the prime sellers to the Fed. It's guaranteed cash in their coffers.
Talk of a fourth round of quantitative easing, known... read more
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