Fed Made $47.B in ’09

Its good to be the central bank:

“The Federal Reserve transferred $47.4 billion, a record sum, to the Treasury Department last year, a result of the central bank’s actions to support the fragile housing market.

The transfer to the public coffers rose roughly 50 percent, or $15.7 billion, from $31.7 billion transferred in 2008, the Fed announced on Wednesday in releasing its annual financial statements, which were audited by Deloitte.”

Now if only they would release those damned AIG emails . . .

Federal Reserve Made $47.4 Billion in 2009
NYT, April 21, 2010

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