Kasz216 on 21 September 2012
| Train wreck said: I wouldn't say it help with financial assets too much, especially dollar based assets since you have dollar devaluation with QE. But the rich are more likely diversity their holdings to chase higher yields. But your right, QE has more determent to the base of democrats (seniors, minorities etc) but they are all rah rah for it, strange |
Bonds and Stocks are financial assets. Look at how high stocks rose on QE news... though yeah... Democrats pull pretty heavy from big investment banks and rich people. It's just they like to pretend they don't.
Look at Dodd Frank... a gift for huge investment banks to weed out competition portrayed as "punishment" that makes banks small enough to fail.
The only thing banks really had any issue with in Dodd-Frank is the Voelker Rule.
