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January 16, 2013 at 2:19 pm
#17535
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Commercial Real Estate hit bottom in March 2011:
Most of QE1 took place from late 2008 to March 2009, the entire program was finished by March 2010:
http://www.bankrate.com/finance/federal-reserve/qe1-financial-crisis-timeline.aspx
Aside from this problem of timing, the money was not spent to prop up commercial real estate.