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As a slight nitpick the US government did not sink any money during this ordeal. The Federal Reserve is not the US Government; it is our somewhat government aff
by marnett 7y ago
As a slight nitpick the US government did not sink any money during this ordeal. The Federal Reserve is not the US Government; it is our somewhat government affiliated private central bank.
Bailouts, which are likely to come, will be from the US government through the Treasury, however.
- barry-cotter 7y agoThe Fed is a government organ. It is not a private entity. Its debts are the US government’s.