Toolkit for Transparency at the Federal Reserve »
Posted By populist 4 months ago in Business & FinanceThe magnitude of the Federal Reserve’s extraordinary operations during the past year shows through clearly in its balance sheet and income statement, recently published in the Fed’s Annual Report 2008. Nevertheless, the new Annual Report and associated Fed reporting documents still fall far short of the disclosure standards that any other major American corporation ordinarily would be expected to observe. Below is a summary of balance sheet items for the Fed. It shows the acquisition of great quantities of asset classes that are far riskier than the U.S. Treasury securities traditionally held by the Fed.
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populist
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