The Fed going bankrupt ?

[Zenergy_Shaman]

Right now the Fed’s balance sheet shows about $57 billion in total capital. Current assets are about $2.3 trillion. The current money-printing plan will take total assets above $3 trillion. At that level, it only takes a 2% decline in asset values to wipe out the Fed’s capital. Put differently, it only takes a 2% ...drop in the average value of assets on the Fed’s balance sheet for the Fed to go bankrupt. And this is in an environment where various markets frequently go up and down 3% in a single day.

[TheDoctorAaron]

Thank you Obama and Bush! Bush put us in a ditch. Obama pushed us off the cliff. That's bloated government and progressive philosophy for you!

[jayboulware]

Originally Posted by Zenergy_Shaman

Right now the Fed’s balance sheet shows about $57 billion in total capital. Current assets are about $2.3 trillion. The current money-printing plan will take total assets above $3 trillion. At that level, it only takes a 2% decline in asset values to wipe out the Fed’s capital. Put differently, it only takes a 2% ...drop in the average value of assets on the Fed’s balance sheet for the Fed to go bankrupt. And this is in an environment where various markets frequently go up and down 3% in a single day.

Actually the Assets on the balance sheet are over valued according to mark to market accounting. The MBS purchased by the Fed were purchased at par value and if they have not been revalued (and I would be willing to put money on that) then what they are claiming as being on the balance sheet is a lie.

The scam was perpetrated during QE1 when the TBTF's sold their troubled assets to the Fed at face value instead of market price.

[ThisisnotChad]

Originally Posted by TheDoctorAaron

Thank you Obama and Bush! Bush put us in a ditch. Obama pushed us off the cliff. That's bloated government and progressive philosophy for you!

I blame EVERY politician, not just the presidents. All they have to do is work together and fix this shit but nope, let's worry about our party and getting re-elected, not try and fix things.

Biggest group of fuckups i've ever seen, welcome to D.C.

[l8rm8e]

Jackass 3D grossed $50million in 7 days.

Just saying.

[Akolade]

if the fed was going bankrupt it would of happened a long time ago .... id say when it first started printing money not backed by anything .....

[_SCARFACE_]

Yes they are, soon I hope