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Federal Reserve Pays Goverment $98.7 Billion, up 24% in 2014

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The Federal Reserve announced Friday that it paid the federal government a record $98.7 billion in 2014. The payment reflects the central bank’s earnings from holdings of Treasury bonds and mortgage-backed securities purchased to keep long-term interest rates low to boost the economy. The 2014 payment is up 24% from a 2013 payment of $79.6 […]

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Fed’s Quantitative Easing: Greatest Backdoor Wall Street Bailout of all Time

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Andrew Huszar, a former Morgan Stanley managing director, managed the Federal Reserve’s $1.25 trillion agency mortgage-backed security purchase program from 2009 to 2010, wrote this recent op-ed in The Wall Street Journal. As the Dow stayed above 16,000 today, we thought it worth reprinting once again. You don’t hear this kind of mea-culpa from a

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