But then if you take another moment to think about it a bit more, it turns out that financial services is 20% of the market cap of the s&p500; 20% of all corporate income; and 7.5% of total GDP in a $20+ trillion economy.. so maybe 42B isn't as much money as it seems.
Can you explain why it’s bad if a central bank is in the hole? Like, what bad practical effects does it have?
Oh no, we’d have to add 0.13% to the national debt to bail them out.
$120 per American, really alarming?
A fine morning at Starbucks for the family!
It isn't alarming that the institution in charge of money is in the hole by a huge amount? The dollar amount isn't the real issue; but rather that they've done such a poor job at it.
It's only concerning if you (incorrectly) think the Fed's primary purpose is to make a profit.
They sent $109B to the Treasury in 2021, and $58B in 2022. Some years being a down year isn't shocking.