The Federal Reserve is going bankrupt
The Fed has now swapped around $600 billion of its $800 billion balance sheet for worthless paper from banks to try to keep the banking system afloat. A downgrade of US Treasury bonds is on the cards.
The Fed has now swapped around $600 billion of its $800 billion balance sheet for worthless paper from banks to try to keep the banking system afloat. A downgrade of US Treasury bonds is on the cards.