Dan North Says Possibility of QE3 Working `Almost Zero' (Audio)

Dan North, chief economist at Euler Hermes, discusses the Federal Reserve's announcement of a third round of large-scale asset purchases, and says despite low mortgage rates, banks are not lending. North talks with Bloomberg's Pimm Fox, Vonnie Quinn and Dave Wilson on Bloomberg Radio's "Taking Stock."

(Source: Bloomberg)

Running time 12:04

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