Quote Originally Posted by jp1 View Post
So, by my math and that stories' numbers the fed earned approximately 2.19% on all the QE purchased debt, at least for the year 2014.
That yield isn't all that bad in the current environment. Ten year treasuries, for instance, are yielding about 1.76% at the moment.

QE, for all it's faults, was instituted for monetary reasons when the Fed ran out of rate-setting ammunition.

And I'm not saying the banks are completely blameless. I'm saying the crisis was a perfect storm of bad decisions by government, the financial industry and the great American public. Scapegoating one particular group adds nothing to an understanding of what happened. No villains are required, unless you've got a political agenda to sell.

Who was it who said "Never attribute to malice what is adequately explained by stupidity"?