Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $75,729
89%  
Woo hoo!! And now less than $9.3k to go!! Less than $800 to the yellow!! We can do this!! Thank you all very much!!

Keyword: ustreasurysecurities

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  • Top Customer: Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452%

    06/10/2012 8:41:41 PM PDT · by Beave Meister · 33 replies
    CNSNews.com ^ | 6/7/2012 | Terence P. Jeffrey
    (CNSNews.com) - Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet. On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion. That is an increase from January 2009 of $1.366 trillion—or 452 percent. Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered...