Fed balance sheet grows to record $2.86 trillion

Bernanke just can't stop buying, even with QE2 about to run dry....The money is being pumped into the stock market and 'to big to fail' banks, even though those 'to big to fails' have grown over 20% since the bail outs started...Not only have we reached the tipping point (every persons,even new born babes, now owe over $100,000 each in national debt)...We have reached the point of no return...I guess it hasn't sunk in yet....


The Federal Reserve's balance sheet expanded to a record $2.86 trillion in the week ended June 22 from $2.83 trillion in the prior week, the central bank said Thursday. The Fed balance sheet continues to set weekly records as the central bank completes its plan to purchase $600 billion in Treasurys by the end of June. The Fed is buying bonds to try to ease financial conditions and lower long-term interest rates under its plan, dubbed quantitative easing or QE2.

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