Wednesday, July 11, 2012

Fed Treasury Distributions

From Federal Reserve posted record profit of $78.4 billion last year at the LA Times:

And from Sumner:

And 2011 profits were about the same as 2010 profits. That’s triple the amount Apple earned in 2011. Two hundred billion dollars in 3 years! Folks, that’s a huge, gigantic, vast, enormous, mammoth, tremendous, titanic, humongous, immense, colossal, gargantuan, stupendous amount of money.

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