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Subject:  Re: UK, NL, AUS ban mutual fund commissions Date:  6/26/2013  8:45 AM
Author:  PosFCF Number:  72517 of 78166

Assuming that the money was able to be lent out at 2% for the entire term of the loan, the total interest that could have been earned for the quarters reported so far was:

Yeah, OK.

I borrow at .25% on Monday, lent it back to the Fed on Wednesday out of payments made to me by the Fed on previously lent money and then talk someone into believing I only made a percent for a few days. Do you honestly believe that $85 billion a month is being lent $10 million at a time for a few days only? Then how did the Fed's balance sheet balloon to over $3. trillion? Under your scenario of an average of $10M per copy the balance should be in the low billions, not low trillions, no?

I mean common sense has to come into this somewhere. The report you cite is from 2 years after the heyday of the crisis, yet the Fed is still buying $85 billion per month.

While searching for a more realistic number that your $10 million, and perhaps to shoot down my belief that we're all getting fleeced without even saying "Baaaa" about it, I did a Google and came up with the following PBS segment. At the time of filming, the Fed was still apparently fighting having to disclose to the US citizens what and how it was o