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lquadland10 (< 20)

Tick Tock.



July 25, 2012 – Comments (3) | RELATED TICKERS: GS , JPM , MS

We are now at 15.9 Trillion and oh we passed the pesky Debt Limit.

This is why I was asking about QE 3. Who will buy the debt when we raise it again. Oh yes. The private bank called the FED. 

3 Comments – Post Your Own

#1) On July 25, 2012 at 11:46 AM, chk999 (99.96) wrote:

When the Fed makes a profit, where does it go?

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#2) On July 25, 2012 at 12:10 PM, motleyanimal (36.17) wrote:

The Fed gives  any profits to the Treasury.

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#3) On July 25, 2012 at 5:52 PM, chk999 (99.96) wrote:

motleyanimal gets it right! This is why calling the Fed a private bank is a serious distortion of reality.

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