bank interest rate
But since that money actually just "disappears" into the coffers of the U.S. Treasury, it does very little good for anybody.
Still, since the pretax earnings of Goldman Sachs Group Inc. (NYSE: GS) never got above the $12 billion mark, it's worth taking a closer look at the Fed's reported profits to see just what's going on - especially since we taxpayers will be called upon to bail out the central bank, once the inevitable losses arrive.
And once you take the time to investigate, you'll quickly realize two things - this "profit" isn't what it seems. And you should be worried - very worried - about what's to come.