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    Is the Fed Broke? — Grant’s Interest Rate Observer Ep. 75

    Alex J. Pollock, distinguished senior fellow at the R Street Institute in Washington and former president of the Federal Home Loan Bank of Chica

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    Alex J. Pollock, distinguished senior fellow at the R Street Institute in Washington and former president of the Federal Home Loan Bank of Chicago, calls in to discuss the state of our central bank’s own finances. @RSI @FHLBC

    3:07 Unrealized losses and the printing press

    6:27 Treasury issuance and the Fed

    9:45 Negative capital.  Does it matter?

    15:55 Partially paid-in capital;  echoes of the banking partnerships of old

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