The FED made $78.4 billion last year. I’m gonna be sick.
Now read my comments from November:
http://ibankcoin.com/scott_bleier/2010/11/12/the-fed-the-greatest-hedge-fund-ever-without-2-20/
Are you a buyer of stocks and commodities because the FED has your back? Well, guess what? You will be the bagholder. The FED is already taking profits on your ass as we speak.
The newly revealed fact of FED profits is the hight of chicanery and subderfuge. The world of investing is being taken for a ride. And the worst thing about it is that it has taken $2 trillion to make $80 billion! 4%! The same profit margin as your supermarket!
Needless to say that I am disgusted…
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i must say scott,the bearded clam is a lot slicker than extra virgin olive oil.