U.S. Fed QE3: Stimulus program to buy $40-billion in mortgage debt | Economy | News | Financial Post

 (This sounds good but it isn't....the Fed is buying up $40 billion a month of US property and the Fed isn't even a government entity, it is a private corporation...so who are all these properties going to wind up in the hands of if they are defaulted on?  AW)

WASHINGTON – The U.S. Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy US$40-billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained.


U.S. Fed QE3: Stimulus program to buy $40-billion in mortgage debt | Economy | News | Financial Post