Hi People. The Federal Reserve made a sweet $52B in 2009 off of the government securities it bought. After paying some bills, $1.4B to private banks and $4.6B to shore up it's own capital, the Fed's net was $46B and a 47% increase above 08's mark. Nice! But remember, this is a return "of" investment not a return "on investment. The Fed has a ways to go before it gets it's/ our money back. It is a step in the right direction.
All of this money is supposed to come back to us. I think I'll buy something frivolous.
Got to http://money.cnn.com/2010/01/12/news/economy/fed_profits.fortune/
to read more about it.
God Bless.
Tuesday, January 12, 2010
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