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The Fed is 42 billion in the hole. Rather alarming if one takes a moment to think about it.

• cma 4y ago
  $120 per American, really alarming?
  • thechao 4y ago
    A fine morning at Starbucks for the family!
  • AmVess 4y ago
    It isn't alarming that the institution in charge of money is in the hole by a huge amount? The dollar amount isn't the real issue; but rather that they've done such a poor job at it.
    • ceejayoz 4y ago
      It's only concerning if you (incorrectly) think the Fed's primary purpose is to make a profit. They sent $109B to the Treasury in 2021, and $58B in 2022. Some years being a down year isn't shocking.
    • cma 4y ago
      No, because that amount isn't huge at all.
• ceejayoz 4y ago
  Oh no, we’d have to add 0.13% to the national debt to bail them out.
• rgbrenner 4y ago
  But then if you take another moment to think about it a bit more, it turns out that financial services is 20% of the market cap of the s&p500; 20% of all corporate income; and 7.5% of total GDP in a $20+ trillion economy.. so maybe 42B isn't as much money as it seems.
• thecodedmessage 4y ago
  Can you explain why it’s bad if a central bank is in the hole? Like, what bad practical effects does it have?