Thread: Federal Reserve

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  1. #61
    Federal reserve is not a private company in the word's usual meaning. Its purpose isn't to generate profit, but to conduct a monetary policy and ensure the financial stability. The reason why it's not a public company is because as a central bank it's an institution that is supposed to be independent on the government. Its level of independence is questionable but that's not the point. If anything, it's a non-profit privately held institution in the role of the US central bank.

  2. #62
    Quote Originally Posted by Luisa View Post
    Federal reserve is not a private company in the word's usual meaning. Its purpose isn't to generate profit, but to conduct a monetary policy and ensure the financial stability. The reason why it's not a public company is because as a central bank it's an institution that is supposed to be independent on the government. Its level of independence is questionable but that's not the point. If anything, it's a non-profit privately held institution in the role of the US central bank.
    How do you know if a profit is made since no one is allowed to audit them?
    http://i5.minus.com/iT9gBOC94PbmU.jpg
    NON SINE DIIS ANIMOSUS INFANS
    Quote Originally Posted by PRE 9-11 View Post
    Accessibility, ownership, availability; these are all essentially the same thing.

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