A Fairy Tale You Can Believe.

Once upon a time there was a Federal Reserve that decided to help the unfortunate people who didn't own a home. So they decided to spend $40 billion a month on lowering interest rates on Mortgages. But, Once upon a time there were greedy bankers who thanked the fairy Godmother, Federal Reserve, for the extra $40 billion but decided they liked the $40 billion more in profits then they did as $40 billion lower interest rates. And after all, the Fairy Godmother, Federal Reserve, couldn't make the bankers reduce the interest rates. Whatever could the Fairy Godmother, Federal Reserve, do? The only thing they could do was to go to Uncle Congress and ask Uncle Congress to pass some sort of legislation to force the big bad bankers to use that $40 billion to lower interest rates. Now Uncle Congress could do that. Uncle Congress could write a law that requires the big bad bankers to play fair. There's only one problem with that solution. Too many Uncle Congresses are in the realm of the big bad bankers and secretly do whatever the big bad bankers tell them, to do. But even more important than that, they are embroiled in an election run-up. And what with all the extra money being spent on ads by all the wealthy big bad Super PACs, nobody can hear our fairy Godmother, Federal Reserve, right now. So the way this happy ending comes down is the Fairy Godmother, Federal Reserve, will continue to put $40 billion into the hands of the big bad bankers, who will continue to put the $40 billion in their pockets, while the Uncle Congress continues to be conveniently oblivious to what's happening. Meanwhile everyone lived happily, if poorer, ever after. Except for the big bad bankers and uncle Congress, who have gone to their winter place in the Bahamas.