QE2; Another Bank Bailout

Curious about the real reason behind the Federal Reserve’s Quantative Easing or QE2 for short?.  Ben Bernanke sees a weak economy and a housing market that appears to be rolling over again. Knowing that the banks are extremely fragile and understanding that there is absolutely no political will for another bailout Mr. Bernanke is creating his own bailout by bypassing Congress.

What is disingenuous to the American public is selling QE2 as a main street “fix”.  Historically it has done nothing when tried in Japan and the UK.  QE1 had little effect when tried in 2009 in the U. S. economy. It actually could negatively impact corporate margins as investors interpret QE2 as “money printing” and seek the safety of hard assets.