Bernanke Press Conference: 'Counting All QE Programs, Fed Will Spend $85 Billion Per Month Not Just The $40 Billion Announced Today'

The new program, or QE3 as it is called, is $40 billion per month of MBS, but there's another $45 billion of Treasury monetization that's already taking place every month via Operation Twist, as well as the Fed's ongoing reinvestment of proceeds from maturing mortgage and agency debt, bringing the total to a cool $85 billion every 30 days, or roughly $300 billion between now and Christmas .... http://dailybail.com