anyone watching the dow?

[Mr. Big Dog 10,747]

On an annual basis, the Fed makes nearly 1 trillion per year processing checks, offering cash services, ACH transactions and so forth. All of these funds, minus operating expenses, are turned over to the treasury.

This is real money that is available to loan.

Source?

[William33 110]

Why should a corporation be bailed out by your tax dollars if this is a capitalistic system?

Hmmm?

Why not let 'em go down.

They played.

They lost.

Too bad so sad...

The Federal Reserve Banks do not use or make profit from tax dollars. Specifically, the Federal Reserve Banks are independent from the USG.

However, taxpayers benefit from the services of the Fed, in terms of US Treasury assets realized.

This fact is highlighted in the recent bailout. At the end of the day, it cost you nothing.

[William33 110]

On an annual basis, the Fed makes nearly 1 trillion per year processing checks, offering cash services, ACH transactions and so forth. All of these funds, minus operating expenses, are turned over to the treasury.

This is real money that is available to loan.

Source?

http://www.federalreserve.gov/releases/Bul.../0808assets.htm

I can provide more detail, if needed to prove the point.

[Mr. Big Dog 10,747]

On an annual basis, the Fed makes nearly 1 trillion per year processing checks, offering cash services, ACH transactions and so forth. All of these funds, minus operating expenses, are turned over to the treasury.

This is real money that is available to loan.

Source?

http://www.federalreserve.gov/releases/Bul.../0808assets.htm

I can provide more detail, if needed to prove the point.

Where is the trillion dollar revenue in that link?

[William33 110]

On an annual basis, the Fed makes nearly 1 trillion per year processing checks, offering cash services, ACH transactions and so forth. All of these funds, minus operating expenses, are turned over to the treasury.

This is real money that is available to loan.

Source?

http://www.federalreserve.gov/releases/Bul.../0808assets.htm

I can provide more detail, if needed to prove the point.

Where is the trillion dollar revenue in that link?

ok, I was a little off on the figure..Not by much though.

[Mr. Big Dog 10,747]

On an annual basis, the Fed makes nearly 1 trillion per year processing checks, offering cash services, ACH transactions and so forth. All of these funds, minus operating expenses, are turned over to the treasury.

This is real money that is available to loan.

Source?

http://www.federalreserve.gov/releases/Bul.../0808assets.htm

I can provide more detail, if needed to prove the point.

Where is the trillion dollar revenue in that link?

ok, I was a little off on the figure..Not by much though.

I ask again, where is the revenue you quote in that link?

[SpiritAlight 1]

Why should a corporation be bailed out by your tax dollars if this is a capitalistic system?

Hmmm?

Why not let 'em go down.

They played.

They lost.

Too bad so sad...

The Federal Reserve Banks do not use or make profit from tax dollars. Specifically, the Federal Reserve Banks are independent from the USG.

However, taxpayers benefit from the services of the Fed, in terms of US Treasury assets realized.

This fact is highlighted in the recent bailout. At the end of the day, it cost you nothing.

I understand the difference.

The Fed is a privately own corporation.

And yet...there is so much incestuousness!

Check this out:

(brought to you by fluffy news carrier Yahoo)

http://news.yahoo.com/s/ap/20080919/ap_on_...ancial_meltdown

Gov't rushing to finish huge financial rescue plan

"President Bush, flanked by, Federal Reserve Chairman Ben Bernanke, left, and Treasury Secretary Henry Paulson, delivers a statement about the economy and government efforts to remedy the crisis, Friday, Sept. 19, 2008, in the Rose Garden of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)AP - The Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt. Relief washed over Wall Street with a surge of buying."

Edited September 19, 2008 by SpiritAlight

[William33 110]

On an annual basis, the Fed makes nearly 1 trillion per year processing checks, offering cash services, ACH transactions and so forth. All of these funds, minus operating expenses, are turned over to the treasury.

This is real money that is available to loan.

Source?

http://www.federalreserve.gov/releases/Bul.../0808assets.htm

I can provide more detail, if needed to prove the point.

Where is the trillion dollar revenue in that link?

ok, I was a little off on the figure..Not by much though.

I ask again, where is the revenue you quote in that link?

refer to this one...

http://www.federalreserve.gov/releases/h41/Current/

Edited September 19, 2008 by William33

[Jasman0717 9]

Let dollar cost averaging be your friend.

I'g getting too old for that