This is the biggest mistake people are making about QE now

This is the biggest mistake people are making about QE now: "Quantitative easing isn't "printing money." If it were, the supply of money would have soared and the U.S. would have either much more economic growth or much more inflation—or probably some of each. Instead, the Fed's purchases have merely managed to give the banking system a huge increase in unneeded reserves.
The way to increase the amount of money—and get the Bureau of Engraving and Printing to rev up its presses—is for banks to make more loans. Borrowers will put most of the money on deposit, but they will take some of it out to spend. That will increase the amount of money being passed around between buyers and sellers—i.e., in circulation. That process is largely beyond the Fed's control."

This is not occurring because the Banks are being pressured/oppressed by the FDIC and the CFPB to keep lending guidelines so stringent it is hard to lend. They have instilled a culture of fear into big banks with the threat of default and buyback repercussion, this has trickled down into middle management and then into underwriting to the extent that "drone" employees are being given poorly interpreted directives; that then clog pipelines. This comes out of the other end of the pipe as poor service to the customer and fewer loans being made.

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