"Federal Reserve makes record $52.1bn profit"
Now in defense of the Fed. They do give any profits back too the Govt.
That is. In the form of loans. Which they make more profit on.
"The Fed funds itself from its own operations and returns any profits to the Treasury department. "
BBC News - Federal Reserve makes record $52.1bn profit
Any President, or leading politician, who dared step in their path, is dead.
Yes TRX. 2009 was not a bad year for them. Think it was 42 billion profit.
This is interesting. Their private company contract ends Dec. 2012.
Isn't 2012, bad things supposed too happen?
Federal Reserve has a 99 year term expiring in Dec. 21 2012 | FIRETOWN!
Yup the Federal Reserve. A "private company" our forefathers were dead set against letting happen, when they formed this great Nation.
Again, the President is not the leader of this Country, the Fed is.
Some Presidents held the chains tight. Some gave them free rein.
The Federal Reserve. Bringing us closer too empty store shelves, since 1913.