4 ms·

Uhhhh... what? Doesn't the Copyright Act of 1976 place government works into public domain? https://en.m.wikipedia.org/wiki/Copyright_status_of_works_by_the_f

by klyrs 3y ago

Uhhhh... what? Doesn't the Copyright Act of 1976 place government works into public domain? https://en.m.wikipedia.org/wiki/Copyright_status_of_works_by_the_federal_government_of_the_United_States https://en.m.wikipedia.org/wiki/Copyright_status_of_works_by... Yes, yes it does. Reading the Fed's C&D, their complaint is about the trademark, not copyright. The magazine's lawyer's response is also about trademark, not copyright. The author of this article isn't as familiar with the law as the lawyers are.

neilv 3y ago
It appears that they didn't have a lawyer review the final version of an article about a legal case in which they're involved (since I think a lawyer would've caught the "copyright" bit). When you're being sued, you should be careful about what you say about that, especially what you put in writing, and publish globally. So I think this is one example of them not consulting a lawyer enough.
- klyrs 3y ago
  I'm not a lawyer but I suspect that confusing copyright and trademark isn't going to land them in particularly hot water. And, their lawyer's response is pretty decent. I think that there's lots wrong with everything cryptocurrency, but their shirt looks like a rock solid parody.
  - neilv 3y ago
    Whoever posted an article doesn't seem to have been qualified to know what might and might not land them in hot water. So they should've had a lawyer review the final version. If they're missing that one, what else are they missing.
deleted 3y ago
[deleted]
kolanos 3y ago
> Doesn't the Copyright Act of 1976 place government works into public domain? The Federal Reserve is about as federal as Federal Express.
- mindslight 3y ago
  The Federal Reserve is a de facto branch of government. To the extent that it manages to legally and politically suppress this fact, and perhaps even has a plausible claim to create "trade" marks and whatnot, is just part of the general corruption surrounding it.
  - kolanos 3y ago
    > Is the Federal Reserve a privately owned corporation? > > Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. > > The Federal Reserve System is considered to be an independent central bank. [0] [0]: https://www.frbsf.org/education/publications/doctor-econ/2003/september/private-public-corporation/#:~:text=The%20Federal%20Reserve%20(the%20Fed,in%20fulfilling%20its%20varying%20roles https://www.frbsf.org/education/publications/doctor-econ/200...
    - mindslight 3y ago
      Sure, so not like Federal Express at all. Just because a part of the government is insulated and less accountable than the rest of the government, doesn't mean it isn't government - regardless of this "independence" it's still setting inescapable policy.
      - kolanos 3y ago
        It has government oversight, but so does every other bank that operates in the United States. So not much of a distinction there. The Federal Reserve is in effect a consortium of banks acting as an independent central bank more so than a government entity. > The Fed is independent in the sense that monetary policy and related decisions are made autonomously and are not subject to approval by the federal government. [0] It isn't just insulated, it is independent. The Federal Reserve's shareholders are the member banks, not the public. > Federal Reserve Banks' stock is owned by banks, never by individuals. Federal law requires national banks to be members of the Federal Reserve System and to own a specified amount of the stock of the Reserve Bank in the Federal Reserve district where they are located. [1] Federal Express, too, is subject to similar government oversight being a publicly traded private corporation. [0]: https://www.investopedia.com/articles/investing/041515/why-federal-reserve-independent.asp#:~:text=The%20Fed%20is%20independent%20in,must%20be%20confirmed%20by%20Congress https://www.investopedia.com/articles/investing/041515/why-f.... [1]: https://www.cga.ct.gov/PS95/rpt/olr/htm/95-R-1200.htm#:~:text=Federal%20Reserve%20Banks%27%20stock%20is,district%20where%20they%20are%20located https://www.cga.ct.gov/PS95/rpt/olr/htm/95-R-1200.htm#:~:tex....

by klyrs 3y ago

neilv 3y ago

It appears that they didn't have a lawyer review the final version of an article about a legal case in which they're involved (since I think a lawyer would've caught the "copyright" bit). When you're being sued, you should be careful about what you say about that, especially what you put in writing, and publish globally. So I think this is one example of them not consulting a lawyer enough.

klyrs 3y ago
I'm not a lawyer but I suspect that confusing copyright and trademark isn't going to land them in particularly hot water. And, their lawyer's response is pretty decent. I think that there's lots wrong with everything cryptocurrency, but their shirt looks like a rock solid parody.
- neilv 3y ago
  Whoever posted an article doesn't seem to have been qualified to know what might and might not land them in hot water. So they should've had a lawyer review the final version. If they're missing that one, what else are they missing.

deleted 3y ago

[deleted]

kolanos 3y ago

> Doesn't the Copyright Act of 1976 place government works into public domain? The Federal Reserve is about as federal as Federal Express.

mindslight 3y ago
The Federal Reserve is a de facto branch of government. To the extent that it manages to legally and politically suppress this fact, and perhaps even has a plausible claim to create "trade" marks and whatnot, is just part of the general corruption surrounding it.
- kolanos 3y ago
  > Is the Federal Reserve a privately owned corporation? > > Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. > > The Federal Reserve System is considered to be an independent central bank. [0] [0]: https://www.frbsf.org/education/publications/doctor-econ/2003/september/private-public-corporation/#:~:text=The%20Federal%20Reserve%20(the%20Fed,in%20fulfilling%20its%20varying%20roles https://www.frbsf.org/education/publications/doctor-econ/200...
  - mindslight 3y ago
    Sure, so not like Federal Express at all. Just because a part of the government is insulated and less accountable than the rest of the government, doesn't mean it isn't government - regardless of this "independence" it's still setting inescapable policy.
    - kolanos 3y ago
      It has government oversight, but so does every other bank that operates in the United States. So not much of a distinction there. The Federal Reserve is in effect a consortium of banks acting as an independent central bank more so than a government entity. > The Fed is independent in the sense that monetary policy and related decisions are made autonomously and are not subject to approval by the federal government. [0] It isn't just insulated, it is independent. The Federal Reserve's shareholders are the member banks, not the public. > Federal Reserve Banks' stock is owned by banks, never by individuals. Federal law requires national banks to be members of the Federal Reserve System and to own a specified amount of the stock of the Reserve Bank in the Federal Reserve district where they are located. [1] Federal Express, too, is subject to similar government oversight being a publicly traded private corporation. [0]: https://www.investopedia.com/articles/investing/041515/why-federal-reserve-independent.asp#:~:text=The%20Fed%20is%20independent%20in,must%20be%20confirmed%20by%20Congress https://www.investopedia.com/articles/investing/041515/why-f.... [1]: https://www.cga.ct.gov/PS95/rpt/olr/htm/95-R-1200.htm#:~:text=Federal%20Reserve%20Banks%27%20stock%20is,district%20where%20they%20are%20located https://www.cga.ct.gov/PS95/rpt/olr/htm/95-R-1200.htm#:~:tex....