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« New York City, Manhattan, Lower Manhattan, Financial District, Alexander Hamilton U.S. Custom House, 1901-1907. 1 Bowling Green.
should America file for bankruptcy ? »

The Federal Reserve is going bankrupt

January 17th, 2012 | Author: Federal Bankruptcy

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.

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