Quantitative Easing: Where did all that money go?

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.

 

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?

 

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...

 

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?

 

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