The Federal Reserve and Incalculable Risk
Man...in-cal-cu-la-ble. It's not every day you get to use a five syllable word. But then again...
When you deal with the Federal Reserve anything is possible .
After the U.S's central bank/ lord and master released info on 21,000 transactions totaling $3.3 trillion of "emergency loans" stemming from the financial crisis... something was strangely amiss ...
Namely, any significant details on...
$885 billion worth of loans
Now...my math gets a little fuzzy once I start counting in the twelve zero range...but is that enough for us to be pissed? Or is it cool that the world's most powerful financial organization can't make an accurate valuation in that range?
This must be just like those teeny tiny handfuls of millions which supposedly must slip through the cracks to keep our well oiled economic trickle down faucet dripping?
With this blatant slap in the face of the vast majority of Americans, the fed is essentially covering it's ass (and simultaneously that of the U.S. Treasury and all of the Bulge Brackets on Wall Street) while rubbing our faces with it.
Which brings me to the question?
What do you guys think is the marginal utility of our tax dollar these days?
How much does the average working tax payer get out of each tax dollar?
What's our return on being involved in the only investment vehicle on Earth which always generates negative returns and still attracts new business ?
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