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The Fed Earns An Astounding $45 Billion In 2009

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M. Wizard

The Federal Reserve made $45 billion last year, according to an exclusive report in The Washington Post. That is the most the Fed has earned in 95 years.The central banks still owns securities that it may sell at a loss this year, but they could also gain back most of their value depending on the direction of the credit markets over the next several quarters.

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I am an aspiring mystic with a bit of experience in sales/marketing, currently living in the New York metro area with my books, candles & more books. I believe we, as a civilization, have reached the low ebb of an entire cycle (see "Hindu Yugas" & (more...)

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