In certain circles, it is generally assumed that the Federal Reserve is broke. As in, Citi broke or Lehman Brothers broke. You look at what they've taken as collateral, or the ABS that they've taken on their books in exchange for Treasuries, and you have to wonder . . .
Anyway, here is an article about the subject in a relatively mainstream outlet:
http://www.thebigmoney.com/articles/judgments/2009/08/25/next-credit-bubble-now
No wonder they don't want to be audited.
Thursday, August 27, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment