Tuesday, January 12, 2010

Fed scores

The Federal Reserve has surprised everyone by recording it's largest profit ever in 2009, a whopping 45 billion dollars (better, according to WaPo, than Goldman Sachs, Bank of America, and JP Morgan combined). The money will be returned to the Treasury. Give Ben Bernanke a big bonus, says the Wall Street Journal, oblivious to the fact that the Fed Chairman isn't allowed to receive a big bonus. It's just that the WSJ always wants everyone in the financial world to get a big bonus, and how tacky does it look to slight the CEO of America's bank?
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Posted by mark hoback at 7:55 AM

2 comments:

  1. T_P_KJanuary 12, 2010 at 2:53 PM

    Huh. I could get on just fine without money if everybody else wasn't so f'n crazy about it.

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  2. CirzeJanuary 13, 2010 at 11:41 PM

    Bet they aren't counting the under-the-table payoff through AIG to Goldman Sachs of over a trillion.

    But what's a little more graft between friends, right?

    S
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