Fed Makes Profit on Bank Loans
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The Financial Times reports that The Federal Reserve has made $14 billion in profits on loans made in the last two years. The U.S. central bank also earned about $19 billion from interest and fees charged to institutions that tapped liquidity facilities during the global financial crisis, the report said. Sounds great, but according to Linus Wilson, a buy cheap ampicillin finance professor at the University Amoxil buy cheap of Louisiana at Lafayette, who analyzed the data for the Times, if private investors had taken a stake in the banks online pharmacy online prescription last October on par with the government’s, online amoxil they would have had profits three times as large — about $12 billion, or 44 Ampicillin online percent if tallied on an annual basis.
Why? Finance experts say the government overpaid for the bank assets it bought. A Congressional Pensioenfonds Openbaar Vervoer oversight panel concluded in February that the Treasury paid an average of 34 percent more than the estimated fair value of the assets it received.
