Quantitative Easing: Where did all that money go?

[Martinghoul]

The money has been used to prop up failed too big to jail bankers and banks, which can take the money in form of higher salary, bonuses and pensions. The banks themselves have had access to cheap money for loaning, but the appetite for risk is not there so the banks just uses the money for their own purposes.

I'm probably the wrong person to ask about this big economic experiment though.

This is extremely curious... What do you think banks' "own purposes" are?

 

[Simples]

This is extremely curious... What do you think banks' "own purposes" are?

That you gotta ask the banks and why they threatened to blow up the real economy in 2007-2008.

 

[Martinghoul]

That you gotta ask the banks and why they threatened to blow up the real economy in 2007-2008.

I don't need to ask the banks, but then I didn't state anything about how banks use the money.

 

[Simples]

I don't need to ask the banks, but then I didn't state anything about how banks use the money.

What are the purpose of banks today then?

 

[Martinghoul]

What are the purpose of banks today then?

Well, today, as well as in previous times, it is to deliver a certain return on equity to their shareholders, by profitably doing their thing...

 

[zdreg]

martinhoul said the author of this thread is very confused. my response should have read,does that disqualify the OP from creating and commenting on this thread?

it reminded me of the following story.a candidate for the Supreme Court appeared before a Senate committee questioning his qualifications for the job. one senator was heard to say that he is an idiot. another senator was heard to say well that shouldn't necessarily disqualify him. don't idiots deserve one of their own to represent them on the highest Court?

 

[Martinghoul]

I actually said that the author of the article was very confused, rather than the author of the thread.