The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. Share | Related Content 16 Wall Street Cliches in 60 Seconds Pundits say a lot of things about the markets. Let's see if you can keep up. The New Red Scare: Chinese Ownership of U.S. Debt China owns a portion of the total outstanding debt of the U.S. Government. What does it mean? 5 Smart Investing Principles Principles that can help create a portfolio designed to pursue investment goals.