evil_gop_liars Posted January 12, 2010 Share Posted January 12, 2010 Federal Reserve earned $45 billion in 2009 Quote Link to comment Share on other sites More sharing options...
MrTed46 Posted January 12, 2010 Share Posted January 12, 2010 Good stuff Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted January 12, 2010 Share Posted January 12, 2010 I'm sure the righties will be along momentarily blasting this good news. For whatever reason. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted January 12, 2010 Share Posted January 12, 2010 great news........ how much will the union bail outs cost us? how much will the bank bailouts cost us? how much will health care cost us? Quote Link to comment Share on other sites More sharing options...
wirehairman Posted January 12, 2010 Share Posted January 12, 2010 Only $742 billion (plus interest) left to repay the ARRA bill (aka Stimulus). Quote Link to comment Share on other sites More sharing options...
The Holy Roller Posted January 12, 2010 Share Posted January 12, 2010 I'm sure the righties will be along momentarily blasting this good news. For whatever reason. I'd prefer "great" news to "good" news. Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted January 12, 2010 Share Posted January 12, 2010 Only $1 trillion (plus interest) left to repay Bushtard's war. Fixed Oh wait, thats wrong....I forgot to include future costs that will continue to accrue, plus the opportunity costs our economy has suffered. Quote Link to comment Share on other sites More sharing options...
isleseeya Posted January 12, 2010 Share Posted January 12, 2010 we will be all speaking Chinese soon to boot Quote Link to comment Share on other sites More sharing options...
TimC Posted January 12, 2010 Share Posted January 12, 2010 Are we sure these numbers are accurate. They've never been audited. Probably makes Enron look like a charity organization. Quote Link to comment Share on other sites More sharing options...
wirehairman Posted January 12, 2010 Share Posted January 12, 2010 Fixed Oh wait, thats wrong....I forgot to include future costs that will continue to accrue, plus the opportunity costs our economy has suffered. I wanted to start with an achievable goal. Plus, I am truly encouraged by this news despite your underlying stereotyping of me as a Have to agree here! rightie in your reply. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted January 12, 2010 Share Posted January 12, 2010 Fixed Yup, the CBO has already attributed significant economic improvement to the Reinvestment Act and they project unemployment rates to make long term sustainable drops come mid 2010. And this is with a quarter of the funds spent. However, this is apparently a bigger disgrace than our trillion dollar Iraqi welfare program. Yup, that makes sense. Quote Link to comment Share on other sites More sharing options...
wirehairman Posted January 12, 2010 Share Posted January 12, 2010 Yup, the CBO has already attributed significant economic improvement to the Reinvestment Act and they project unemployment rates to make long term sustainable drops come mid 2010. And this is with a quarter of the funds spent. However, this is apparently a bigger disgrace than our trillion dollar Iraqi welfare program. Yup, that makes sense. Have to agree here! Quote Link to comment Share on other sites More sharing options...
bushwacked Posted January 12, 2010 Share Posted January 12, 2010 Have to agree here! You're not doing it right. Quote Link to comment Share on other sites More sharing options...
wirehairman Posted January 12, 2010 Share Posted January 12, 2010 You're not doing it right. I'll add it to the list. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted January 12, 2010 Share Posted January 12, 2010 (edited) Even as the Fed comes to resemble private banks in terms of its balance sheet and its earnings power, there remains one big difference. The CEO of the Federal Reserve, Chairman Ben S. Bernanke, received only a modest cost-of-living raise for 2010, despite the record earnings: He now makes $199,700, with no bonus at all. Love this part of the article. How can banks justify "shoring up their capital reserves" as an excuse to not lend money, but them turn around and give their execs that brought their businesses to the brink of disaster requiring bailouts HUGE bonuses is incomprehensible . . . Edited January 12, 2010 by bpwallace49 Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted January 12, 2010 Share Posted January 12, 2010 I'll add it to the list. OK, that's funny. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted January 12, 2010 Share Posted January 12, 2010 http://finance.yahoo.com/tech-ticker/fed%2...set=&ccode= Quote Link to comment Share on other sites More sharing options...
westvirginia Posted January 12, 2010 Share Posted January 12, 2010 Are we sure these numbers are accurate. They've never been audited. Probably makes Enron look like a charity organization. And no one screams about this... Good Lord... Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted January 12, 2010 Share Posted January 12, 2010 http://finance.yahoo.com/tech-ticker/fed%2...set=&ccode= From your article "to distract the attention of ordinary people you go to war." Unfortunately we have already done this in Iraq . . . Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted January 12, 2010 Share Posted January 12, 2010 From your article Unfortunately we have already done this in Iraq . . . ww3 coming? Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted January 12, 2010 Share Posted January 12, 2010 ww3 coming? I guess so . . . we can always pick another fight/war . . . . North Korea? Iran? Take your pick? Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted January 12, 2010 Share Posted January 12, 2010 Good news, I hope it continues. I think this pretty much mirrors what many were saying about the bailouts in late 2008, and was expected by some. Quote Link to comment Share on other sites More sharing options...
Fatman Posted January 12, 2010 Share Posted January 12, 2010 we will be all speaking Chinese soon to boot Not at the way that they keep lending. They're just as reliant on us as we are to them. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted January 12, 2010 Share Posted January 12, 2010 Not at the way that they keep lending. They're just as reliant on us as we are to them. Spainish then . . . their main religion encourages multiple litters of children. Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted January 12, 2010 Share Posted January 12, 2010 http://finance.yahoo.com/tech-ticker/fed%2...set=&ccode= Also from your article: Before we get too excited, the profit only equates to about a 2 percent profit margin, based on the Fed's balance sheet of about $2 trillion last year. And, more importantly, Marc Faber, editor of The Gloom, Boom and Doom Report, says it doesn't change the fundamentals. Faber tells Henry Blodget in this clip that Uncle Sam is carrying too much debt and leverage. He calls the situation "beyond repair Faber is comparing the profit to the deficit from 2008...before your whipping boy took office! The debt he is referring to is the whopping amounts accumulated under the prior admin. And I agree with him, there is no cause to celebrate what the prior admin has done to this country. Quote Link to comment Share on other sites More sharing options...
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