Friday, April 24, 2009

Bear Bailout Cost Fed $3 Billion, So Far

The U.S. Federal Reserve report showed a $3 billion loss on the books from its deal to rescue investment bank Bear Stearns.

The number of greater concern is The Fed's combined assets of $2.25 Trillion as of Dec. 31. This number compares with $1.3 Trillion a year earlier.

The Fed balance sheet is inflationary and anyone who believe otherwise has their head in the sand.

We continue to watch the yield on the Ten Year and Thirty Year Treasury closely. We will be looking at the yield curve and its implications tomorrow.

Fed data shows big losses on Bear Stearns deal
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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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