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To: expat_panama
the Fed's current $1.12T holdings is raking in $28B per month profit.

Your number is off, they only made a total of $91 billion last year.

47 posted on 05/13/2013 6:57:14 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
...mortgage interest rates have fallen to 3.5% (as was the Fed's reason for all this stuff in the first place) and the low interest rates helped make the default rate drop to 1% (also the Fed's goal) so that means the Fed's current $1.12T holdings is raking in $28B per month profit...

Your number is off, they only made a total of $91 billion last year.

Huh.

Let's see my number was from the Fed links @ $28B = $1.12T X (3.5% - 1%) --wait a sec, that should also have ÷ 12mo./yr so the $28B is per year.  Aw what the heck, $28B/yr is still not "toxic".   BTW, where did the $91B come from? 

This is all way past my bed time...

50 posted on 05/13/2013 7:19:23 PM PDT by expat_panama
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