Fed Profit Hits $81 Billion

[Dave Hounddriver]

This sounds like a slap in the face to the world. Much of the world suffered a crisis which seems to have originated with Madoff in the US. Banks, individuals and governments all over the world are still digging themselves out and the US Federal Reserve seems to be the one profiting. I guess capitalism is still alive and well in the US government.http://finance.fortu...its-81-billion/Fed profit hits $81 billionPosted by Colin BarrJanuary 10, 2011 12:14 pm<br clear="all">The money-printing business has never been better.In the latest sign of an economy addicted to artificial stimulus, the Federal Reserve on Monday posted a record $81 billion profit for 2010.Money for nothing?That's more money than the entire U.S. banking industry has made over the past three writedown-soaked years. And unlike his counterparts on Wall Street, Fed chief Ben Bernanke doesn't stand to get a big lump of restricted stock.