[Petronski]

The ONLY money the government has is the money it extorts from YOU, the tax payer.

The Fed is not the government.

[cinives]

It’s a loan that is backed by the Treasury. That would be would be us, the taxpayers.

All of you need to read this:

http://blogs.wsj.com/economics/2008/04/01/treasury-confirms-mbs-back-bear-loan/?mod=WSJBlog

Here’s the money quote: “Since any profit or loss would affect the annual surplus that the Fed remits to the Treasury from the interest on its $800 billion portfolio of securities and loans, it would ultimately be born by the taxpayer.”