FED - One Chart Summarizes the Next ProblemSubmitted by HawaiianDude on Tue, 12/01/2009 - 06:45
There is a single chart in this article...
It gives a good update on what the Fed is doing on its ASSET side of the balance sheet.
We all know where the economy is already but this graph gives an update to confirm your worst fears.
The articles point is that all that Mortgage based debt is worthless so having 1 trillion dollars of bad assets on the books is the same as printing an extra 1 trillion dollars - The bad quality of the Feds assets brings down the dollars value the same way printing too many of them does.