The Fed Earns a Record Profit in 2009 -- but Not Without Huge Risks

The Federal Reserve released its 2009 financial results on Tuesday, and the results are encouraging: It posted a record profit of $46.1 billion, which will be paid to the U.S. Treasury. That's more than the expected combined profits of Bank of America (BAC), Goldman Sachs (GS) and J.P. Morgan (JPM). But are the Fed's earnings worth the substantial risk they entailed?