As the broader stock market reaches record highs, many investors are pointing to the Fed's QE programs as the main reason for appreciating prices in risky assets. While some fear the long-term impacts of the program, few can argue the positive impacts it has had on deleveraging consumers and the housing market.

In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss the program's effectiveness and how it has affected banks. 

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.