Fed turns over record profit to U.S Treasury

[Pennysaved]

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?

[Sheikh_yer_Bu'Tay]

They made some money on the money they made.

[Pennysaved]

Must be nice to be able to print billions of dollars; buy government securities; then make money off of that.

[PennyPauper]

Steal 2-3 trillion and pay out 78billion,nice gig.

[Jonflyfish]

I like the accounting. Consider $trillions in a lost cause as an investment. If a few billion find their way back then book 'em as profits while ignoring the unfathomable endless balance sheet of toxic "investment holdings".