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WaPo: Federal Reserve Earned $45 Billion In 2009

The Washington Post is reporting that the Federal reserve did really well this year much like the banks it, and the U.S. Treasury bailed out beginning in August 2008.  The Post said, "The numbers are good news for the federal budget and a sign that the Fed has been successful, at least so far, in protecting taxpayers as it intervenes in the economy -- though there remains a risk of significant losses in the future if the Fed sells some of its investments or loses money on its stakes in bailed-out firms."

Read the whole article here.
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