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Accounting Tweak Could Save Fed From Losses They're trying to fly under the radar to hide their losses and make them an obligation of the Treasury, meaning us, the taxpayers.

Wednesday, January 26, 2011 14:59

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Jim Kelly

PATRIOT FREEDOM

www.patriotfreedom.org

Accounting Tweak Could Save Fed From Losses

They’re trying to fly under the radar to hide their losses and make them an obligation of the Treasury, meaning us, the taxpayers.

Concerns that the Federal Reserve could suffer losses on its massive bond holdings may have driven the central bank to adopt a little-noticed accounting change with huge implications: it makes insolvency much less likely.

Tetra Images | Getty Images

United States Federal Reserve

The significant shift was tucked quietly into the Fed’s weekly report on its balance sheet and phrased in such technical terms that it was not even reported by financial media when originally announced on Jan. 6.

But the new rules have slowly begun to catch the attention of market analysts. Many are at once surprised that the Fed can

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