Posted on 01/23/2011 7:21:37 AM PST by FromLori
The Fed just privatized $78.4 billion of profits to the Treasury last year. Bastards!
Then why are they talking about transferring liabilities to the US taxpayer in the future? I don't give a crap what they did last year. Why do they feel the need to do this this year?
If interest rates rise, the value of long dated bonds falls. If the Fed has to "mark to market" their positions, but still pass along all interest to the Treasury, their capital will be reduced.
I don't give a crap what they did last year.
You mean when they didn't privatize a gain and socialize a loss.
“The Fed just privatized $78.4 billion of profits to the Treasury last year.”
But they are liars!!!! Enron accounting tricks at the FED. The whole country has been ENRONIZED
“May 6, 2010, the day of the flash crash, the New York Stock Exchange stepped in and arbitrarily drew a line above and below which trades that day were ‘broken’ or canceled (effectively treating them as if they had never happened). The move to break trades was historically unprecedented. “
They are going to continue of break the LAW until they are either stopped or they are d**d.
That would be too bad. It would be shocking, shocking I tell you, to expect a private institution like the Fed to be treated like any other investor.
Most everybody else has to 'mark to market' their positions. If it's good enough for everybody else, it's good enough for the Fed.
How's that?
Enron accounting tricks at the FED.
Enron fabricated earnings. How is the Fed doing that? Why would they?
The move to break trades was historically unprecedented
I don't think that's true. But so what? The flash crash was historically unprecedented as well.
They are going to continue of break the LAW
What law was broken when the trades were canceled?
You're supposed to agree! All is great and fantastic under the Obama Administration's handling of this economy. The Bailouts were brilliant! The Fed is making a “profit” for us, although greatly lacking evidence and facts!
Never mind that the Fed gave 5 Trillion Dollars to foreign Banks a year and a half ago without Congress. (That we will never see dime of again.) Never mind that the Fed also gave out 3.3 Trillion dollars secretly to US Corporations, and some of that “78.4 billion” supposedly being paid back comes from those secret loans. (At .05% interest.)
Never mind that you are completely wasting your time talking to trolls with one track minds. Rule #1. The Troll is ALWAYS right! Rule #2., If the Troll is proven wrong, refer back to rule number 1!
The Fed isn't a private institution.
Most everybody else has to 'mark to market' their positions. If it's good enough for everybody else, it's good enough for the Fed.
They should mark their gold at the market price. $350 billion instead of $11 billion.
The Fed didn't give money to foreign banks. They swapped dollars for foreign currencies. The swaps were unwound (the Fed got the dollars back and returned the foreign currency) profitably.
Thanks and for those who don’t get it this is what it means
” the Fed has changed the rules and any losses by the Federal Reserve banks can be denoted as liabilities on THE TREASURY!”
Wikileaks says otherwise...
So, if the Fed is so “Profitable” and competent as you say, then why is there a 14.3 Trillion Dollar deficit and why have they monetized our currency?
Oh, I forgot, refer back to rule #1.
Show me...
Congress spends more than $78 billion will cover.
why have they monetized our currency?
Why have they turned our currency into money?
Oh, I forgot, refer back to rule #1.
That must be the one that shows you don't know what you're talking about.
You’re right, feeding the Trolls is a pointless waste of time. Expect no further responses from me.
All the proof of what I am saying is already material evidence known as the US economy and the Dollar. It’s out there, up front and center for everyone to physically see. No further need to support the facts. They speak for themselves no matter how Trolls like you try to spin them.
One thing for sure, It’s a sure win to do the very opposite of what every you say.
The probability is that they never catch up.
Catch up to what?
The liabilities keep growing faster than the "future profits", leading to the exclamation above.
So is trying to correct idiots.
Expect no further responses from me.
Run away.
If the Fed remits zero to the Treasury and ends the year with $50 billion in mark downs, why does it matter?
In post 3 you said it is. Which is it? Can I buy stock in it?
No I didn't.
Can I buy stock in it?
No.
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