Replies to post #82 on Wall Street Bailout

[Zardiw]

Hmmm. Didn't realize that little tidbit. I've always wondered what would happen if AmeriKa declared bankruptcy.....not really thrilled about having to live through it though.......z

[~6979~]

...wait a minute...does the government completely own the FED??? Is the FED ,-government or private for profit bank???

Who owns the FED if it is a private company???...someone told me that Lehman brothers and J.P.Morgan are actually shareholders in the FEDERAL RESERVE...is that true???

I thought the whole concept of why the FED was created was to make sure that "it never happened again" (in terms of the banking crisis of the 1920's...so if the banks are indeed failing again today,then why do we have the FED again???