Friday, April 24, 2009

The Fed: Our Next Troubled Bank?

In 2007, Fed banks listed total assets of $883.5 billion - the lion’s share of those assets - 89 percent - were “AAA” quality U.S. T-bills, notes, and bonds. Now, assets are $2.19 TRILLION and those plain-vanilla, risk-free Treasuries make up just 24 percent, of Fed assets! The Fed is leveraging its capital 48-to-1. Is the dollar going to sink?

read more | digg story

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