Fed overpaid for crisis assets by $21 billion: government report
The Federal Reserve overpaid by $21 billion for the assets it bought as part of the extraordinary measures it to ease credit condition during the crisis, the US agency that reviews the budgetary effects of Congressional and legislative initiatives said on Monday.
The Congressional Budget Office said the central bank paid more than the fair market price for risky assets it took on in a process which expanded the Fed's balance sheet from $900 billion in August 2007 to more than $2 trillion by the
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