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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (73198)10/30/2006 4:14:27 PM
From: bart13  Read Replies (1) of 110194
 

... the basic concept that the Fed gives all interest earned on government securities back to the US treasury after subtracting costs.


Technically true, but in practice for at least the last 7 years and likely a lot more, it has made no difference.

The Fed's costs (plus the mandated 6% profit) have been higher than what was earned - whether Enron style accounting was used or not. In other words, there is no indication that any significant payments have been made.
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