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How is that possible!

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    wasper
    wasper (e2 Member)
    7
    523 forum postswasper vcard Ireland1 Constructive Critique Points
    12 Jan 2010 - 7:59 PM
    0

    link

    The troubled banks make up the reserve bank. So it lent the Fed government money to bail out banks & other institutes. So how does it make record profit?

    Last Modified By wasper at 12 Jan 2010 - 8:03 PM
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    thewaiter
    thewaiter (e2 Member)
    11
    1176 forum poststhewaiter vcard England9 Constructive Critique Points
    12 Jan 2010 - 8:04 PM
    0


    Quote: The payment reported by the Fed came from $46.1 billion in earnings from the securities it held last year. Such income rose largely because the Fed's holdings of securities mushroomed, though increases in the value of the securities also helped, Fed officials said.

    nice trade, buy the rubbish of the banks for next to nothing and watch it rise in value as the markets improve......

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