An observation from the Federal Reserve web site the following link and graph show that the fed put liquidity into the market and that most of it has now been returned. What I have not been able to determine is, whose balance sheet the shares in the banks, AIG and GM etc are represented? Wouldnt it be nice to see the USA's balance sheet and not just bits of data represented by journalists!
http://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Choose one of 4 charts select the graph: Credit extended through Federal Reserve Liquidity Facilities
Aivars Lode
I'm looking forward to a full scale audit of The Fed. After they stopped publishing the M3 figures, I got very interested in their activities!!
ReplyDeleteAudit the Fed bills:
HR 1207
S 604
If anyone is keen to it, give your Congress-folks a call tell them to support the bills!