Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (67497)	8/12/2007 5:00:09 PM
From: Moominoid	Read Replies (1) of 116555

The board members are appointed by the President and Congress and get paid salaries. The Federal Reserve System pays for itself through the interest it earns. It's quasi-governmental quasi-private. Some of the surplus profit is paid back to the banks in the regions. Some is apparently accumulated as surplus capital in the net equity of the bank. In other countries the Central Bank pays surplus profits back to the government as a dividend. federalreserve.gov en.wikipedia.org There aren't really any mysteries about the Fed except those that conspiracy theorists make up or create from their misunderstandings.

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