Wednesday, September 9, 2009
Federsal Reserve makes $14bn profit on bailout money.
According to the Financial Times, the Federal Reserve has made a $14 bn profit on the bailout money handed out to the financial sector since two years ago.
"The Fed was not immediately available for comment on the report." the article concluded.
What? Are they too embarrassed that they turned a profit?
For more, see Financial Times.com
"The Fed was not immediately available for comment on the report." the article concluded.
What? Are they too embarrassed that they turned a profit?
For more, see Financial Times.com
Labels: $14bn profit, bailout money, budget defficit, central bank, Fed officials, federal budget defficit, Federal Reserve, financial system
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