Reported in the Wall Street Journal today - "The Federal Reserve turned $76.9 billion of its profits over to the U.S. Treasury last year [2011], close to the record amount transferred to government coffers in 2010 amid gains generated in its expanding portfolio of securities."
Hmmm, profits made by the Fed due to "bailouts" put into the country's treasury. That's over $160 billion [billion with a B] the Fed has earned [not returned, EARNED] in profits over two years. Corporate handouts and sweetheart deals and bailouts. It's the best use of government funds the country has seen in three years!
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