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Fed’s Quantitative Easing: Greatest Backdoor Wall Street Bailout of all Time

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Andrew Huszar, a former Morgan Stanley managing director, managed the Federal Reserve’s $1.25 trillion agency mortgage-backed security purchase program from 2009 to 2010, wrote this recent op-ed in The Wall Street Journal. As the Dow stayed above 16,000 today, we thought it worth reprinting once again. You don’t hear this kind of mea-culpa from a

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