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To: Maurice Winn who wrote (89609)	4/28/2012 4:17:09 PM
From: carranza2	1 Recommendation Read Replies (2) \| Respond to of 218715

You misunderstand the 'ownership' of the Fed. It is a central bank, not an appendage of private banks. Dividends are 6% on the banks' capital investment, not a penny more, not a penny less. The 'owners' do not sit on a board of directors whose function is to formulate and guide the Fed's policy. The member banks of the Federal Reserve System, several thousand of them, do elect a minority of the members of the Fed's Open Market Committee, which sets policy. It's a very strange creature, easy to misapprehend. federalreserve.gov factcheck.org The Fed has transferred a great deal of the purchasing power to themselves over the decades. What are you talking about?