Fed makes 14 billion dollar profit on crisis loans

[WA_Vol]

One of the few positive notes since the credit crisis I've read:

FT.com / US & Canada - Fed makes $14bn profit on crisis loans

The Federal Reserve has made a $14bn profit on loan programmes that have provided hundreds of billions of dollars in liquidity to the financial system since the start of the crisis two years ago, according to Fed officials.
The internal estimate is based on the difference between the fees and interest on the lending facilities and the interest the Fed would have earned had it invested the funds in three-month Treasury bills.

 

[volinbham]

What's the chance this money makes it to the treasury to pay down some debt?

 

[rjd970]

What's the chance this money makes it to the treasury to pay down some debt?

My thermometer says hells temperature isn't dropping.

 

[gsvol]

What's the chance this money makes it to the treasury to pay down some debt?

Less than zero.

How do I buy some shares of federal reserve stock for $400 Alex.

 

[droski]

i'm waiting for lawgator who was up in arms about these "bailouts," yet seemed to think $1 bil of pork spending was a-ok to comment. crickets?

 

[T-TownVol]

LG is concentrating on the First Lady's staff today. He will be with you later. Thanks for calling.