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>The Fed pays its profits to the US government. After paying a dividend to its stockholders (commercial banks).
by jsprogrammer 10y ago
>The Fed pays its profits to the US government.
After paying a dividend to its stockholders (commercial banks).
- fanzhang 10y agoThe dividend to stockholders are less than 10x what they give back to the Federal Government.
- jsprogrammer 10y agoWhat was "given back" was mostly proceeds from maturing Federal bonds. Commercial banks are just first in line to get a special cut, by law.