The Federal Reserve has a story and is sticking to it: We didn’t lose taxpayer money, and we won’t. But several emergency programs and credit lines still exist, and the path to profitability on them remains uncertain. Hedge funds, pension funds and other investors have some $25 billion in outstanding loans from the Fed, some backed by subprime consumer debt. The central bank’s books are stocked with $66 billion of securities related to Bear Stearns and the American International Group, and the troubled insurer also owes $20 billion on a Fed credit line.
What the Fed is still owed by Wall Street
Most Popular Articles
Latest Articles
New-home sales fared well in March
Market headwinds haven’t dampened demand as the annualized sales rate grew 8.8% from February
-
Download these 9 real estate prospecting letter templates that actually work
-
14 powerful tips to master networking as an introvert in real estate
-
Fintech startup Hitch rolls out white-label HELOC product
-
6 best real estate schools in Washington (WA) for 2024
-
Rick Roque departs CrossCountry Mortgage to join Sierra Pacific