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Former Fed official: Quantitative easing a 'backdoor bailout'

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The Federal Reserve's quantitative easing program is "the greatest backdoor Wall Street bailout of all time," according to one former Federal Reserve official. Writing in the Wall Street Journal's opinion pages, Andrew Huszar says the Fed has made large-scale purchases of Treasury and mortgage-backed securities "Wall Street's new 'too big to fail' policy." Huszar, who was tasked by the Federal...

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