The Federal Reserve is going bankrupt

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The Fed has now swapped around $600 billion of its $800 billion balance sheet for worthless paper from banks to try to keep the banking system afloat. A downgrade of US Treasury bonds is on the cards.

Category: Education
Uploaded: September 30th, 2008 @ 9:31 pm
Author: uranian23

Length: 02:40
Rating: Whole StarWhole StarWhole StarWhole StarWhole Star
Views: 263

Tags: bankruptcy bonds federal jubak reserve treasury

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