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<p>[QUOTE="medoraman, post: 1307827, member: 26302"]The Federal Reserve makes hundreds of billions a year through interest income. If it were a private business it would probably be the most valuable business on earth. However, a lot of this income comes from the fact they can issue FRN's which act as interest free loans. This money they then lend out and earn interest income. The main "asset" of the Federal Reserve is the right to issue this paper money. So in a sense you are right Rush, if they took away this right the most valuable asset of the Fed would be gone.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1307827, member: 26302"]The Federal Reserve makes hundreds of billions a year through interest income. If it were a private business it would probably be the most valuable business on earth. However, a lot of this income comes from the fact they can issue FRN's which act as interest free loans. This money they then lend out and earn interest income. The main "asset" of the Federal Reserve is the right to issue this paper money. So in a sense you are right Rush, if they took away this right the most valuable asset of the Fed would be gone.[/QUOTE]
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