The fall is yard-sale season, and the Fed is participating. Imagine if you received a notice that an elite dealer would be in the area buying your tag-sale stuff - all of it, no questions asked and at any price. Sound like a fairy tale? For financial institutions, it's not far from the truth; it's called Quantitative Easing 3 (QE3).

Here are some other QE3 analogies.

"The Fed is basically shaking a giant bottle of monetary ketchup over the dinner plate of the American economy." - Nassim Taleb, author of The Black Swan

"It's like you are trying to keep a drug addict high. And every time the drug wears off, if you want him to stay high, you have to give him more. But he's not going to get healthy if you keep him on drugs." - Peter Schiff, economist and CEO of Euro Pacific Capital  

"Quantitative easing is like patching a leaking pipe by pumping in more water." - author unknown

While these analogies don't sound good, let's review the central bank's latest policy move.