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Fed Faces Explaining Billion-Dollar
Losses in QE Exit Stress

Bloomberg News, by Craig Torres, Josh Zumbrun*

Original Article

Posted By:JoniTx, 2/26/2013 1:44:15 PM

Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels. That sum is the difference between the value of securities in the Fed’s portfolio on Dec. 31 and what they may fetch in three years, according to data compiled by MSCI Inc. of New York for Bloomberg News. MSCI applied scenarios devised by the Fed itself for stress-testing the nation’s 19 largest banks. MSCI sees the market value of Fed holdings shrinking

Comments:
*& Caroline Salas Gage

      


Post Reply  

Reply 1 - Posted by: MattMusson, 2/26/2013 2:04:51 PM     (No. 9197421)

“The political backlash could be particularly acute given that a good portion of the funds that would otherwise be remitted to the Treasury would be transferred to large financial institutions in the form of interest paid on reserves,”


What this means, boys and girls, is that the Fed will negotiate some HUGE buyout with the big banks that are holding the paper. This will mean as much as $100 billion directly to the banks bottom lines. So, hold on to your banking stock.

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Reply 2 - Posted by: NorthernDog, 2/26/2013 2:52:01 PM     (No. 9197503)

The consequences of artificially holding down interest rates and pouring massive amounts of money into the system will eventually be catastrophic. I´m visualizing wheelbarrows full of Deutsche Marks - I mean US dollars - to buy a loaf of bread.

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(Video) DAVID GREGORY: Chuck Todd. A year of action, President Obama said 2014 would be. So how does he take his presidency back? CHUCK TODD: Well, he´s going to have to start with making sure healthcare works. You know, it´s interesting, I was talking with some administration officials over the weekend and I said what´s your January going to look like and they ticked off a whole bunch of issues. Confirmation of Janet Yellen, fight for employment insurance, we´re going to have those NSA reforms. Sort of ticking off all these issues. They sort of left out healthcare completely and

   

 

  


 
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Posted By: JoniTx- 1/5/2014 1:43:38 PM     Post Reply
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