Are you saying that any law Congress makes is Constitutional until pronounced unconstitutional by the SCOTUS? I would disagree with that because the Court only adjudicates on cases brought before them. So until someone challenges the Constitutionality of a law does the SCOTUS even have the opportunity to say whether or not it is legal.
More info on the Lewis case:
Black's Law Dictionary defines the "Federal Reserve System" as, "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong.
Membership rules require investment of stock and minimum reserves."
Privately-owned banks own the stock of the Fed. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages
1239, 1241 (1982), where the court said:
Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's
nine member board of directors.
Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks.
Mr. Lewis was hit by a truck owned by the Federal Reserve Bank of San Francisco, so he sued. The trouble was that he sued the U.S. government under the Federal Tort Claims Act, in the belief that the bank is a government agency. The Court ruled against Mr. Lewis, explaining that he had mistakenly named the wrong defendant, that the government had nothing to do with it -- and that Mr. Lewis should have sued the Bank, which is a private corporation. |
