In fact, the Federal Reserve’s securities purchases and other actions during and after the crisis have had the side effect of reducing the federal budget deficit. Last year and the year before, we returned a total of $ billion of those earnings to the U.S. Treasury, and payments to the Treasury in the current year will be substantial as well.
If a plan is well thought out, supervisors will be supportive, too. However, that is not a reason for us to lower the bar for ailing institutions; rather, we will take a very close look. 4 New and improved recipes needed Ladies and gentlemen, consolidation doesn’t go nearly far enough.