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User Info The Death Of Reason; entered at 2014-05-22 10:15:41
Posts: 8717
Registered: 2007-09-10 Scottsdale, AZ
Do you think that the Fed has purchased bad paper from the banks? When I see the category "other" on their balance sheet, we have to wonder. Is it possible the Fed is using the same accounting that the banks are using ignoring mark to market for all their assets? If so, doesn't this violate thier charter?

Unfortunately, we will never know because they are fighting tooth and nail from being formally audited.
2014-05-22 10:15:41