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The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting
by Pam Martens and Russ Martens‚ Wall St On Parade: The Feds unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing)‚ where it bought up trillions of dollars of low-yielding U.S. Treasuries and agency Mortgage-Backed Securities (MBS) and quietly parked them on its balance sheet‚ are now posing a threat []