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To: DannyTN
And 95% of that profit of $90 billion goes back to the U.S. Federal Treasury.

FED transferred $88.9 Billion to Treasury in 2012.

Yup. And the "shareholders" got $1.6 billion.

69 posted on 12/15/2013 8:34:11 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot
"Yup. And the "shareholders" got $1.6 billion."

There are thousands of member banks so that $1.6 billion gets spread out based on how much Paid In Capital each bank contributed. And if that $1.6 Billion is accurate and represents a 6% interest payment, then the member banks put up $1.6/.06 = $27 billion in capital, for which they are receiving 6% annually or $1.6 billion.

I didn't check their annual reports to confirm your number.

72 posted on 12/15/2013 8:43:36 PM PST by DannyTN
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