Lots of Red Ink at the Fed

1 HOUR AGOAlex J. Pollock

The Federal Reserve has officially reported a loss of $57 billion for the first six months of 2023. Quite a number! So the “Federal Reserve Banks Combined Quarterly Financial Report as of June 30, 2023” (CQFR)—a little-known document—is especially notable for its red ink. We can anticipate an annual loss of over $100 billion for 2023 and for the losses to continue into 2024.

https://mises.org/wire/lots-red-ink-fed

>>19540213

I’m not the best one to ask- was hoping other anons would read and chime in with theories/opinions.

>>19540224

Check “by owner” sales. I’m thinking of selling mine as an assumed loan so buyer gets the 2.2 interest rate but bank and VA would have to approve the buyer. Something tells me the bank will drag its feet until the offer collapses because they won’t make money.