Originally Posted by pricejj
You don't understand QE. Bernanke and Obama have set the prime rate at 0% for Obama's entire term, in an effort to stimulate the economy. It hasn't stimulated anything except rising prices.
Banks are lending, however, a majority of first time home-buyers either don't have a job, or are under-employed.
In the meantime, banks pay nothing, as American savings accounts erode in value, from the massive inflation from Obama and Bernake's ZIRP and deficit spending.
Obviously you think that if you just believe in something that will make it true. I guess it worked for Jimminy Cricket, but not so well in the real world.