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FED To Buy $500 billion to $1 trillion in government debt
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[quote:Anonymous Coward 1010900:MV8xMjQyMjgzXzIwMjQ2ODM3XzFDRDUyQUE3] [quote:Anonymous Coward 1149523] http://finance.yahoo.com/news/The-Feds-big-gamble-Heres-apf-2177377791.html?x=0 Great investment, the Fed's are gonna make a small profit (interest) and the White House could use that profit to help pay for Public programs. :peace: You are sort of on track. The FED takes the interest the the US Government pays on the bonds and notes and deposits it in the US Treasury. We are free next month to use it again to pay that month's interest. Thus, you see, we really do not pay interest on the Bonds and Notes when the FED owns them. Best damn system in the world. You sort of said what I said. The Feds also buy mortgages and if the owners can't meet their payments the banks and the Fed's own the home. REAL ESTATE -- REAL ASSETS The Feds turns the National Debt into National "assets" Wealth. :peace: But look at the risk the fed takes. They've earnt those homes. [/quote] Risk? What risk? They print money with a little bit of green ink and some cotton paper, what risk? I wish I could buy homes by printing money. I too would be risky in business and have people like you applaud my ventures and accomplishments. :peace: [/quote]
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