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It's Magic!

Started by Lloyd Danforth, January 22, 2011, 07:04 AM NHFT

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Lloyd Danforth

http://www.cnbc.com/id/41198789

"Could the Fed go broke? The answer to this question was 'Yes,' but is now 'No,'" said Raymond Stone, managing director at Stone & McCarthy in Princeton, New Jersey. "An accounting methodology change at the central bank will allow the Fed to incur losses, even substantial losses, without eroding its capital."