Federal Reserve’s latest masterpiece: a record $114 billion loss. And there’s still a trillion-plus in ‘unrealized’ losses waiting in the wings.
Fed reports its largest loss in history: $114 billion in a single year. That would be the third largest bankruptcy in American history. And there's still another trillion plus in "unrealized" losses. Who'll pay for it? You. And your children. pic.twitter.com/xKfKWDcG4K — Peter St Onge, Ph.D. (@profstonge) January 16, 2024 U.S. Banks are facing unrealized …