"The Fed remits all of its earnings to the Treasury..." HUH?Submitted by AtlantaIconoclast on Tue, 02/19/2013 - 10:37
How can the journalist make this claim in the following article: http://www.ft.com/cms/s/0/9b245cd6-79e1-11e2-b377-00144feabd... .
The Fed has shareholders right? Is this claim by the author of the above piece a blatant lie, or is there a technical truth here? Does the Fed in fact really remit "all of its earnings" to the Treasury?