Posted on 01 September 2009
Tags: agency, American Express, audit, central bank, congress, Fed, federal audit, Federal Reserve Bank, financial crisis, Financial Times, Goldman Sachs, Government Accountability Office, government’s bailout list, Morgan Stanley, New York Times, paper, profit, Special loan programs, Treasury bills
It might be unbelievable for many, but the Federal Reserve Bank has actually succeeded in making profit from the financial crisis.
The Fed has had $14 billion as profits made on loans disbursed in the past two years, according to an internal estimate obtained by the Financial Times.
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