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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (543420)1/12/2010 9:20:49 PM
From: combjelly  Respond to of 1574483
 
"You didn't know the federal reserve are private corporations either huh?"

It depends on what you mean. There are 12 private banks that are part of the system, but they aren't intended to be for profit entities. All profits go to the government. The high officials are appointed by the government and not hired. And, of course, they are under the direct authority of the board of governors of the Fed.


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