reBlog from bevhillsblog.graphicsmerchant.com: None

Last Updated on Monday, 23 August 2010 08:01 Written by beverlyhills Saturday, 23 January 2010 06:27

I found this fascinating quote today:

The Federal Reserve released on Thursday the latest details of its burgeoning balance sheet. In short, the assets on the Fed’s books now amount to $2.2 trillion. That’s more than double where it was a little over a year ago (when it stood at a mere $900 billion) — before the central bank bought tons of Treasury debt and mortgage-backed securities from the nation’s banks in the midst of last year’s credit crisis, putting government cash in the hands of those banks.bevhillsblog.graphicsmerchant.com, Oct 2009

You should read the whole article.

2 Comments

1. Melodi Reitz   |  Saturday, 27 March 2010 at 11:24 pm

   There is obviously so much more to read about this. I think you made some good points in Features also.
2. beverlyhills   |  Monday, 23 August 2010 at 8:14 pm

   Informative