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The Federal Reserve reports 2011 earnings of $77.38B, less than 2010's $81.74B and well below expectations for $90B. The bank blamed a flattening yield curve for the disappointing result. Shares -3.5%. (ok, everything from "expectations" on is a joke) (PR)

The Federal Reserve reports 2011 earnings of $77.38B, less than 2010's $81.74B and well below expectations for $90B. The bank blamed a flattening yield curve for the disappointing result. Shares -3.5%. (ok, everything from "expectations" on is a joke) (PR) 4 comments!
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