Replies

To: Lurker

It would be shocking, shocking I tell you, to expect a private institution like the Fed to be treated like any other investor.

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.

28 posted on 01/23/2011 10:56:31 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)

To: Toddsterpatriot

The Fed isn't a private institution.

In post 3 you said it is. Which is it? Can I buy stock in it?

39 posted on 01/23/2011 11:33:30 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)

To: Toddsterpatriot; Lurker

The Fed isn't a private institution.

Oh? What would you call it?

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

47 posted on 01/23/2011 1:47:51 PM PST by The Comedian ("Extremism in the defense of liberty is no vice" - B. Goldwater)

To: Toddsterpatriot

So it’s privately owned but it’s not a private institution?

64 posted on 01/23/2011 4:11:57 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)

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