"If the Fed were to record a loss, it could print its own money to cover its expenses—at no cost to the Treasury. The Fed would record a loss as a deferred asset, which would represent how much money the Fed would need to make up before it started sending profits to the Treasury again." (Wall Street Journal)Mother Jones
It's True: The Fed Really Can Print All the Money It Wants To
Kevin Drum
The Fed doesn't give anything to the Treasury, because the treasury is nothing but a postman. The treasury delivers the debt interest payment to hell enema to the american people courtesy of Jamie Dimon, Hank Paulson, Ben Bernanke, Dick Fuld, etc etc etc incorportated.
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