One Man’s Opinion: Just A Quick Reminder: The Federal Reserve Is Almost Insolvent

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By Sovereign Man September 10, 2008 was one of the last “normal” days in the world of banking and finance. That afternoon, the US Federal Reserve published its routine, weekly balance sheet report, indicating that the central bank had total assets worth around $925 billion. Just a few days later, Lehman Brothers filed for bankruptcy, kicking off the most severe …