Fed turns over record profit to U.S Treasury
Posted: Mon Jan 10, 2011 1:28 pm
http://www.cnbc.com/id/41003401
Wasn't it recently that the Fed now owns more U.S. debt than China?
So the Fed makes money off of our debt since we are paying the Fed interest but then they turn around and turn over those profits to the treasury?
Something seems strange there.
Anyone care to explain that?
Wasn't it recently that the Fed now owns more U.S. debt than China?
So the Fed makes money off of our debt since we are paying the Fed interest but then they turn around and turn over those profits to the treasury?
Something seems strange there.
Anyone care to explain that?