Is The Fed Writing Checks Their Ass Can’t Cash?
Posted by jeremiasx on August 15, 2007
I have only a VERY CURSORY knowledge of basic accounting principles…but I still can’t…for the life of me…see where the Fed has come up with all this money to pump into the banks and the markets over the last week? Where does it come from?
I’m hoping some smart person can help me figure this out…I’m just a dumb hillbilly and all so try to have mercy on me if I seem “unduly alarmed” about this. By the way…I know these are 2006 figures…but if you look at it projectively from 05…I don’t think they had THAT big of an influx in one year, did they?
Maybe I’m just interpreting the document incorrectly??