According to the Federal Reserve's recently released financial statements for 2008:
1. Its assets included $502 billion of Treasury securities.
2. The Fed's income in 2008 included $25.6 billion of interest income from Treasury securities.
3. The Fed earned about $35 billion total in 2008.
Via Newmark's Door
BWAAAHH
ReplyDeleteLaughable, not worth response
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ReplyDelete.......................2008......2007
Central bank
liquidity swaps...553,728..24,000
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Are these the toxic swaps?
Does the inflow of T-bonds to Fed come mostly from sales by Chinese government?