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Hmmmm, some interesting movement today ..... is this where the buzzzzz begins?
Diablo bro.
GOOD MORNING TO ALL !!!!
I've been wondering the same thing lately
We were in different cell blocks, sorry
Yes sir .... things were rough on the inside .... nice to be out
Thats interesting, Stevo ... 85% of wells in the U.S. are marginal .... we are running out
Good day Wiseman! Long time no chit chat! You holding some NFRM???
Hey Billy boy!! Hope all is well .... nice to see you're back!!!
GOOD DAY TO EVERYONE !!!
with news coming, the boom is on
Let's just say some engineering technology is involved to work on some columns to support those monsters
WASHINGTON (AP) -- The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank's unconventional efforts to lift the economy.
The payment to the Treasury Department is the largest since the Fed began operating in 1914. It surpasses the previous record $47.4 billion paid in 2009, the Fed said Monday.
The bigger payment mostly came from more income generated by the Fed's massive portfolio of securities, which includes Treasury debt and mortgage securities.
Critics in Congress have expressed concerns that the Fed's purchases could put taxpayers at risk by reducing the amount turned over to Treasury. The Fed is funded from interest earned on its portfolio of securities. It is not funded by Congress. After covering its expenses, the Fed gives what is left over to the Treasury Department.
Income from the Fed's portfolio of securities came to $76.2 billion last year, up from $48.8 billion in 2009, Federal Reserve officials said. Such income rose largely because the Fed bought a greater number of securities. Increases in the value of securities also played a role.
In early November, the Fed launched a program to bolster the economy by purchasing $600 billion worth of Treasury debt through June. The program aims to boost the economy by lowering rates on mortgages and other loans and by lifting stock prices. Republicans in Congress and others have criticized the program, saying the Fed is printing money to pay for the U.S. government's swollen deficits and debt.
To fight the financial crisis and lift the country out of recession, the Fed bought $1.4 trillion of mortgage-backed securities and mortgage debt as well as up to $300 billion worth of government debt. The Fed completed the mortgage purchases last year.
The purchase programs have helped boost the value of securities held by the Fed.
But the Fed could lose money if the central bank had to sell those securities and their prices were to fall. Once the economy is on firm footing, the Fed will need to mop up some of the money it pumped into the economy. The Fed could do that by selling some securities to reduce its balance sheet to a more normal size.
I'm sure I can have a few of my toys tag along, should they be requested
Hmmmm, thanks for the info .... gonna check out CSII right now
He needs to keep his hands to himself
Let's see what Hammer has up his sleeves ....
You gotta love the twin towers!
Soccer is my favourite sport .... I'm willing to bet that the girls in your pic can play ball ....
Good day Briboy! Hope the markets have been treating you well lately .... diablo ....
Those things can be quite dangerous ....
Good day to the Green Arrow crew!
Thanks for the nice welcome the other day .... I was laying low all weekend long ... whats shaking???
Good morning to all !!
BOOM BOOM !!!!!!!!!!!
Gemstone! Whats shaking????
Good morning to all !! I have been invited to come over to this board and share my ladies with the crew ....
Good morning! How is everyone on this Friday morning??
GOOD DAY TO EVERYONE!!!!
How are all the Rats this morning? Everyone ready for Christmas??
BOOOOOOM!!!
GOOD DAY TO EVERYONE!!!
It's interesting how quickly things can turn into something of sexual nature .....
yeah, no kidding, plenty of movement!
ZVTK is flying this morning!!
Wow, shouldve jumped into it a looooong time ago ....
I know, I've been told ....
GOOD MORNING TO THE GREEN ARROW CREW!
Hope all is well with you, Briboy .... you staying out of trouble?