DIGG THIS Bernanke and Company, who are running the U.S. central bank, the Federal Reserve (Fed), have been very busy in the past year or so. The size of the bank has more than doubled since August of 2007. Their assets, mainly loans and credits they extend, have exploded from $902.4 billion to $2.17 trillion as of December 3, 2008. The main idea behind all this lending is to prevent some large banks (and other financial institutions) from failing, shrinking, or restructuring. Behind this is the goal of maintaining the existing structure of banking and central banking. And behind that … Continue reading The Fed’s Exploding Balance Sheet