The Undollar Digest

Fed Uses Accounting Gimmick to Hide Losses

Alex Newman, www.thenewamerican, 01/24/2011
The Federal Reserve announced that it would use a new accounting trick to conceal potential losses on its massive investment portfolio, transferring its liabilities to the U.S. Treasury instead. The new methodology would essentially prevent the central bank’s bankruptcy — on paper, at least — right as the debate on its solvency [...]


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