WHAT DO CITIGROUP BAC AND THE FED HAVE IN COMMON?

BANZAI7 NEWS--The Federal Reserve made billions of dollars in profits from its bailout of American International Group – but only on paper, the Financial Times reported on its Web site.

At the time the Fed bought collateralized debt obligations (CDOs) from AIG, they had a face value of $62.1 billion and a market value of $29.6 billion.

But now, the estimated market value of the CDOs is at least $45 billion, people with direct knowledge of the portfolio told the paper.

ANSWER:  Shitty CDO portfolios inflated by the Fed's policies.