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The Federal Reserve reports FY2012 profit of $91B, $88.9B of which was remitted to the Treasury,...

The Federal Reserve reports FY2012 profit of $91B, $88.9B of which was remitted to the Treasury, up from $75.4B a year ago. Results are about inline with expectations. Shares -0.5%.
Comments (4)
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    Where can I buy shares of the Fed? What's the ticker symbol? 8-)
    10 Jan 2013, 11:20 AM Reply Like
  • Seth Walters
    , contributor
    Comments (677) | Send Message
     
    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 2013, 11:44 AM Reply Like
  • Joe Eifrid
    , contributor
    Comments (344) | Send Message
     
    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 2013, 01:14 PM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    I thought the symbol was FEDUP but you're right, it is PONZI. Thanks.
    10 Jan 2013, 01:29 PM Reply Like
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