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Thursday, Jan 10
The Federal Reserve reports FY2012 profit of $91B, $88.9B of which was remitted to the Treasury,...
The Federal Reserve reports
of $91B, $88.9B of which was remitted to the Treasury, up from $75.4B a year ago. Results are about inline with
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Where can I buy shares of the Fed? What's the ticker symbol? 8-)
10 Jan, 11:20 AM
The major banks own them and they are not transferable. You can gain a claim on Fed shares indirectly via major bank common stock, preferred, and bonds.
10 Jan, 11:44 AM
Fed Reserve trades on the pink sheets under the symbol PONZI.
This is a case where profits are bad, very bad. It means the fed has printed more money. It means taxpayers have had to pay more in interest on debt. It means the Federal reserve is still screwing your grandmother out of her retirement funds.
10 Jan, 01:14 PM
I thought the symbol was FEDUP but you're right, it is PONZI. Thanks.
10 Jan, 01:29 PM
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