Pat Ryan actually said...

"This can be a dangerous policy mix. The Treasury is issuing debt, and the Central Bank is buying it."

"The economy is finally showing some signs of stabilizing, and that is encouraging."

"It gives the alarming impression that the U.S. one day might begin to meet its financial obligations by simply printing money."

"I think a lot of us would question the efficacy or logic of it being passed through to the consumers, because it counts against the whole notion of the program."