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Federal Reserve



Despite the roar of the Fed-watching crowd, Bernanke hasn't said he's letting the markets off the QE3 roller coaster.

Photograph by Getty Images

Despite the roar of the Fed-watching crowd, Bernanke hasn't said he's letting the markets off the QE3 roller coaster.

When Does QE End? Bernanke Doesn’t Know. Really.

Ben Bernanke didn’t say “taper.” That’s the buzzword that’s taken investors and the media by storm since the Fed chief’s May 22 appearance before Congress, and he didn’t even utter it. Sure, he said, “step down” and “wind down” in...

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In the mortgage bond boom, banks and hedge funds, not homeowners and debtors, stand to gain most.

Photographer: Gianluca Colla/Bloomberg

In the mortgage bond boom, banks and hedge funds, not homeowners and debtors, stand to gain most.

A Mortgage Bond Boom Isn’t a Housing Recovery

The winners in a Federal effort to keep housing afloat are banks, investors, and a limited group of homeowners. The losers are those who who buy homes expecting they will gain value over the next decades.

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