Record Profits!!!

[Skull Pilot]

Which evil capitalist company earned record profits in 2009.

Let's trot out the usual suspects

Exxon made a $45 billion profit in 2009

Is the number one hated company tops on the list again?

No.

With a profit of $52.1 billion dollars the winner is......

The Federal Reserve.

So I want the outrage against the fed to commence now

 

[Vortex]

The Fed prints fiat money, loans it out and is repaid in real dollars with interest. Must be nice.

 

[Skull Pilot]

When a company that does nothing but cater to the government makes more than a privately held entity, we are in trouble indeed.

Hell government jobs officially outnumber private good producing jobs and pay on average 30K a year more than private sector jobs.

It reminds of the story of a man who being hungry, eats his own feet.

 

[Samson]

When a company that does nothing but cater to the government makes more than a privately held entity, we are in trouble indeed.

Hell government jobs officially outnumber private good producing jobs and pay on average 30K a year more than private sector jobs.

It reminds of the story of a man who being hungry, eats his own feet.

You're just pissed off you don't have a government job.

Get a Teaching Certificate.

 

[Gatekeeper]

Congrats to private enterprise, This is America, no matter how the economy goes, it usually is great for those in the "In Crowd".

Wonder why they , 'mega corps' aren't satisfied with 'reasonable profits', it's all about outrageous profits and screw the public.

Because, more is better, and all the pie beats a slice, then, buy the company that makes the pies?

The answer, get out and make something work for ya, otherwise deal with it. That's the reality.

 

[CrusaderFrank]

Yeah, the surprise is that they only made $52B with $2 Trillion in off balance financing.

Ron Paul is right: audit the Fed then it's time to say goodbye!

 

[TheSuaveOne]

With a profit of $52.1 billion dollars the winner is......

The Federal Reserve.

So I want the outrage against the fed to commence now

Ummm do you know what the Fed does with it's profit? It gives it to the US government.

-TSO

 

[Care4all]

yep, it gives most of its profits to the US Treasury....

Federal Reserve makes record $52.1bn profit
Federal Reserve chairman Ben Bernanke
Fed chief Ben Bernanke has made money for the US taxpayer

The Federal Reserve made a profit of $52.1bn (£32.2bn) in 2009, a rise of 47% over the previous year.

The sum allowed the central bank to pay a record $46.1bn to the US Treasury last year.

That was the largest amount ever paid by the central bank since its creation in 1914.

The record figure was largely thanks to its attempts to support the financial system throughout the ongoing financial crisis.

The Fed funds itself from its own operations and returns any profits to the Treasury department.

BBC News - Federal Reserve makes record $52.1bn profit

 

[uscitizen]

I thought some liked reducing the defecit?

 

[Vortex]

Ummm do you know what the Fed does with it's profit? It gives it to the US government. -TSO

Ummm, do you know the Fed Profit goes to it's shareholders?
The "Federal Reserve" is not a US Government entity:
Who Owns The Federal Reserve?

The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders.

The Federal Reserve was crated in 1913 so that the Congress could get out of it's Constitutional duty concerning the money supply.

 

[CrusaderFrank]

With a profit of $52.1 billion dollars the winner is......

The Federal Reserve.

So I want the outrage against the fed to commence now

Ummm do you know what the Fed does with it's profit? It gives it to the US government.

-TSO

Are you sure about that?

 

[uscitizen]

The sum allowed the central bank to pay a record $46.1bn to the US Treasury last year.

 

[Care4all]

Ummm do you know what the Fed does with it's profit? It gives it to the US government. -TSO

Ummm, do you know the Fed Profit goes to it's shareholders?
The "Federal Reserve" is not a US Government entity:
Who Owns The Federal Reserve?

The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders.

The Federal Reserve was crated in 1913 so that the Congress could get out of it's Constitutional duty concerning the money supply.

They kept 6% of the profit, the other 94% of the profit went to the US Treasury.

 

[TheSuaveOne]

With a profit of $52.1 billion dollars the winner is......

The Federal Reserve.

So I want the outrage against the fed to commence now

Ummm do you know what the Fed does with it's profit? It gives it to the US government.

-TSO

Are you sure about that?

Yep.

-TSO