Articles About Sub-prime Mortgage Bonds
- Author:
- James I. Clark III
- Posted:
- 04.05.2011
The Fed’s 2010 Profit? A Cool $81.7 Billion
The Federal Reserve made some serious money in 2010. The central bank’s profit soared to $81.7 billion, a record high, primarily from growing interest earnings on federal agency and government-sponsored enterprise mortgage-backed securities. The Fed’s balance sheet — which also can be monitored monthly — ballooned to $2.43 trillion, up $193 billion from 2009, as […]