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That idiot Bernake!!!!!!!!!!!!

Started by jason10006
over 15 years ago
Posts: 5257
Member since: Jan 2009
Discussion about
" The Fed's $80 Billion Profit: Banks will start reporting profits this week, but no firm is likely to come close to the Federal Reserve. Last year, the central bank recorded earnings of more than $80 billion. "I think it's fair to say that no bank in the history of the world has ever had income of anywhere near $80 billion in one year," Felix Salmon wrote on Reuters: http://blogs.reuters.com/felix-salmon/2011/01/10/fed-profitability-datapoint-of-the-day/ "
Response by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009

The Fed is like a 200 to 1 leveraged hedge fund. If interest rates were to rise by 1% they are wiped out.

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