Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Federal Reserve Made $47.4 Billion in 2009

Print comment Post Comments
NEXT, THEY'LLBE CHARGING 2 AND 20
"The Federal Reserve transferred $47.4 billion, a record sum, to the Treasury Department last year, a result of the central bank’s actions to support the fragile housing market," according to the New York Times. "The transfer to the public coffers rose roughly 50 percent, or $15.7 billion, from $31.7 billion transferred in 2008, the Fed announced on Wednesday in releasing its annual financial statements, which were audited by Deloitte. “Central banking is a great business,” joked Vincent R. Reinhart, a former director of monetary affairs at the Fed."
SOURCE:   New York Times

TICKERS