Monday, August 31, 2009

Federal Reserve made $14 billion on turmoil loans: report

Looks like a win win situation all the way around to me, except if your a taxpayer that is


http://finance.yahoo.com/news/Federa...sset=&cc ode=


The Federal Reserve has made $14 billion in profits on loans made in the last two years, The Financial Times reported on Monday, citing officials close to the matter.

The U.S. central bank also earned about $19 billion from interest and fees charged to institutions that tapped liquidity facilities during the global financial crisis, the report said.

If the Fed had invested the same amounted loaned out