31 March 2009
Fed Reserve assets inflated to USD2.19 trillion - 31.03.09
Fed Reserve assets is about USD1.24 trillion - 31.12.07
Two years ago, 89% of Fed Reserve consist of AAA assets
Today, only 24% of Fed Reserve consist of AAA assets
So what are mainly the Fed Assets
- USD833 billion of toxic assets
- USD355 billion of Mortgage Backed Securities
- USD61 billion Freddie and Fannie Mae mortgage
Fed Reserve capital as at 31.12.2008 is about USD46 billion
Fed Reserve leverage is about 48:1 (27:1 two years ago)
The American Elites (banks and wall streets & politicians) is privatising profits and socialising losses. And the sad part is the main street or the masses cannot do much about it, and even sadder, they do not know they have been screwed. So are the UK and the Europeans.
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