Then why are they talking about transferring liabilities to the US taxpayer in the future? I don't give a crap what they did last year. Why do they feel the need to do this this year?
If interest rates rise, the value of long dated bonds falls. If the Fed has to "mark to market" their positions, but still pass along all interest to the Treasury, their capital will be reduced.
I don't give a crap what they did last year.
You mean when they didn't privatize a gain and socialize a loss.
You're supposed to agree! All is great and fantastic under the Obama Administration's handling of this economy. The Bailouts were brilliant! The Fed is making a “profit” for us, although greatly lacking evidence and facts!
Never mind that the Fed gave 5 Trillion Dollars to foreign Banks a year and a half ago without Congress. (That we will never see dime of again.) Never mind that the Fed also gave out 3.3 Trillion dollars secretly to US Corporations, and some of that “78.4 billion” supposedly being paid back comes from those secret loans. (At .05% interest.)
Never mind that you are completely wasting your time talking to trolls with one track minds. Rule #1. The Troll is ALWAYS right! Rule #2., If the Troll is proven wrong, refer back to rule number 1!