Fed’s profits surge to a record-breaking $81.7 billion

Must be nice to operate in total secrecy, accountable to no one!

via MarketWatch: The Federal Reserve released earnings for 2010, with the central bank’s profit growing to $81.7 billion, a record high, from $53.4 billion, mostly due to growing interest earnings on federal agency and government-sponsored enterprise mortgage-backed securities. The Fed’s balance sheet — which also can be monitored monthly — ballooned to $2.43 trillion, up $193 billion from 2009, as holdings of U.S. Treasury and mortgage-backed securities rose. The Fed returned $79 billion to the U.S. Treasury in 2010, up from $47 billion in 2009. (Updates to include that the Fed profits were at a record.)

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About Shelly Roche for BytestyleTV
So... who am I and why am I doing this? I (Shelly Roche) started ByteStyle.TV in the summer of 2009, intending to do a tech podcast... but I've ended up talking about much more than just the tech world - politics, news, food issues... you name it. There's some pretty ridiculous stuff going on in the world right now, and we don't always hear about it until it's too late (if at all). I have a technology background (Open Source, Drupal, Ruby on Rails, iPhone), and tend to be very entrepreneurial. I write articles for Urban Garden magazine, and have been on Fox News' Freedom Watch (with Judge Napolitano, Ron Paul & Peter Schiff), Fox Business, Russia Today, FreeTalkLive, PJTV, YRTV, Freedom's Phoenix, the Chicken Whisperer and more. I'm currently exploring North America in my RV whilst doing some top-secret awesome tech stuff 🙂 Shelly Roche was formerly at ByteStyle.tv and is promising to return some day!

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