Re:Fed Pledges Top $7.4 Trillion to Ease Frozen Credit
by GavinB on Monday November 24, 2008 @07:14PM
(#375713)
The Federal Reserve (NYSE: FED) is becoming highly leveraged. They may be next in line for a bailout, hopefully Bernanke will know to sell the jet before the congressional hearing.
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Re:Fed Pledges Top $7.4 Trillion to Ease Frozen Credit
by micks56 on Monday November 24, 2008 @08:14PM
(#375788)
NYSE:FED is not the Federal Reserve Bank of the United States. It is a bank in California.
And the US cannot bail out the Federal Reserve. The United States borrows from the Federal Reserve and pays the Federal Reserve interest on that money. In other words, the US gets its money from the Fed.
A bailout of the Fed would require the US to borrow money from the Fed, who doesn't actually have any money because they need a bailout.