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Saturday, May 29, 2010

More Theft of America by the Private Federal Reserve and Record $70 Billion Profit !


The risk-taking Fed is proving to be a savoir-faire investor. According to CBO estimates, the central bank’s MBS investments and other crisis-mode assets will turn a record $70 billion profit for the Federal Reserve this year.

In 2009, the Federal Reserve earned $46 billion from interest yields on its assets. At that time, the windfall was the biggest annual return the Fed had recorded in its 95-year history.'

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