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Re: mrfence post# 633307

Monday, 09/21/2020 10:44:43 AM

Monday, September 21, 2020 10:44:43 AM

Post# of 794295
"Actually, the Fed is a private for profit corporation like FnF but they're closely held as opposed to publicly traded FYI smile"

FRS is a Gov agency. FRBs are corporations in which private banks own stock and get paid dividend at 6%. FRB management is mostly appointed by the private banks. But overall it is a shady arrangement and nobody understands how the system works.