Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452% ?

by ~ The Rebel ~ Posted 2012/06/07 18:25:52

Related Topics: Debt, Obama, Federal Reserve, U.S. Government, Trillion, Treasury, Nomination, The Fed, Balance, Government, 2012, Balance Sheet

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Since Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.

On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.

That is an increase from January 2009 of $1.366 trillion—or 452 percent.

Pete 2012/06/08 09:50:54

+1
The bubble is going to explode soon if they don't get spending under control in Washington DC!

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LADY LIBERTY SILLY WORDSMITH 2012/06/07 19:05:13

+1
IT'S INCREDULOUS! NO! IT'S BUSH's FAULT!

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~ The Rebel ~ 2012/06/07 18:27:04

Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered office, entities in the People’s Republic of China were the largest holders, followed by entities in Japan. At the end of January 2009, China owned $739.6 billion in U.S. government debt and Japan owned $634.8 billion.

http://cnsnews.com/news/artic...

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