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?
    A not so wise man once said, Believe it or not, even I own two weapons. Of course, neither is the stereotypical handgun.

    A .22 rifle and 12 gauge shotgun. Used them both to hunt and keep vermin (skunks, possums, coyotes, raccoons) off my property.

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