BLOCKBUSTER: Fed Official Apologizes for Helping to Unleash QE

``I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.'' ... And here's one of our favorite quotes: `` We were working feverishly to preserve the impression that the Fed knew what it was doing.''