4 ms·
To clarify, the Federal Reserve is owned by the 12 Federal Reserve Regional Banks which are in turn “owned” (as in stock that pays a dividend but can’t be trade
by jschveibinz 3y ago
To clarify, the Federal Reserve is owned by the 12 Federal Reserve Regional Banks which are in turn “owned” (as in stock that pays a dividend but can’t be traded) by the commercial banks in that region.
- pas 3y agoit's not a clarification. the ownership and stocks are entirely legacy symbolic gargoyles on a standard central bank. independent government agency. it's a loosely coupled top-down public institution, the monetary policy is set by a public committee,
- topspin 3y ago> it's a loosely coupled top-down public institution Indeed. Here I was thinking we'd shed the last of this "independent Fed" legal fiction during the "Great Recession."
- solarhoma 3y agoAny idea how much the dividend pays to these private individuals?