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Tuesday, January 12, 2010

Fed Has Record Year: Earns $45 Billion

It was a record year for the Federal Reserve. Buoyed by its emergency lending programs and bond buying activities, the Fed earned a whopping $45 billion in 2009 - funds that will go directly to the Treasury.

The only questions that remain are: 1) when does Obama take credit for it?; and 2) When does Obama spend it?