Regulators to disclose salaries of up to $6M for top execs at Fannie Mae, Freddie Mac By: ALAN ZIBEL – Federal regulators plan to disclose Thursday that the top executives of government-controlled mortgage finance companies Fannie Mae and Freddie Mac each earned between $4 million and $6 million this year, two people briefed on the matter said. The people, who declined to be identified because the announcement was not yet public, said Wednesday that the pay packages were approved by the Treasury Department and the Federal Housing Finance Agency, which regulates Fannie and Freddie. – AP Washington Examiner
————
Are Hedge Funds Responsible For The Missing Half A Trillion In Treasury Purchases? – Submitted by Tyler Durden – haptip John Cervarich – Zero Hedge
————
+ 
China Is Now The World’s Second Largest Economy – China became the world’s second largest economy in 2009, passing Japan, which has held this distinction for decades. – 24/7 Wall St
and
China Charts Its Own Path – Keith R. McCullough – While America dithers, the Chinese set up a currency reserve fund against — U.S. crashes. “Don’t look back. Something might be gaining on you.” — Leroy “Satchel” Paige – Forbes
————
+ 
Fed proposes new method for withdrawing stimulus – … — proposed the creation of a new mechanism – a term deposit facility — it could use to withdraw money from the banking system when the time comes to tighten monetary policy. … – Reuters
and
FRB Press release on “Term Deposits” – … Term deposits would not satisfy required reserve balances or contractual clearing balances and would not be available to clear payments or to cover daylight or overnight overdrafts. …