Friday, January 21, 2011

Accounting Tweak Could Save Fed From Losses

Accounting Tweak Could Save Fed From Losses - CNBC
"'Any future losses the Fed may incur will now show up as a negative liability as opposed to a reduction in Fed capital, thereby making a negative capital situation technically impossible,'"

Sort of like saying a 300 pound man is now "thin"?

What color of clothes is our new emperor now wearing?

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