> My level 2 money is still in the system, No it is not, when you exchanged it for level 1 you removed it from level 2. > Does the fed recognizes the loss

> My level 2 money is still in the system, No it is not, when you exchanged it for level 1 you removed it from level 2. > Does the fed recognizes the loss When your level 1 money went up in flames, it just meant a profit for the fed.