“The Federal Reserve earned $13 billion in interest and fee income on its liquidity programs from August 2007 until December 2009, according to the New York Fed.
The facilities generated $20 billion in interest and fees before taking into account the $7 billion cost of funds, Michael Fleming and Nicholas Klagge, staff members at the New York Fed said in a paper released today. ”
Give me $1 to $2 trillion over 2 years and I’ll pay you $13 billion.
But still the Fed took a gamble to save the world economy from depression and they succeeded. Millions around the world have been saved from poverty and upheaval.
Give me $1 to $2 trillion over 2 years and I’ll pay you $13 billion.
But still the Fed took a gamble to save the world economy from depression and they succeeded. Millions around the world have been saved from poverty and upheaval.
Give me $1 to $2 trillion over 2 years and I’ll pay you $13 billion.
But still the Fed took a gamble to save the world economy from depression and they succeeded. Millions around the world have been saved from poverty and upheaval.
Give me $1 to $2 trillion over 2 years and I’ll pay you $13 billion.
But still the Fed took a gamble to save the world economy from depression and they succeeded. Millions around the world have been saved from poverty and upheaval.
Give me $1 to $2 trillion over 2 years and I’ll pay you $13 billion.
But still the Fed took a gamble to save the world economy from depression and they succeeded. Millions around the world have been saved from poverty and upheaval.
