Monetary Policy (The FED)
The FED’s Shell Game? Profitable or Insolvent?
The Federal Reserve announced that they had an estimated record 2010 net income of $80.9 Billion, so much money they are just handing it over to the Federal Government. The FED however has potentially serious balance sheet issues; so series that the FED is changing the way it does accounting so it can take on losses and not show that it is broke (read more)…