MorelCabin
Quilting Extraordinaire
There seems to be confusing info out there. In Canada banks are government run, in the US they are privately owned are they not?
Who owns the FED?
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roosmom
Almost Self-Reliant
I believe you are right Morelcabin. Privately owned, unless they are owned by a co-op. Like my credit union? I think know what you are thinking about and I wondered about it too.
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MorelCabin
Quilting Extraordinaire
and most of the population simply takes it for granted that it is government run...and there to help...
roosmom
Almost Self-Reliant
Now it will be wont it? 
.....just one more 
.....just one more 
Veggie PAK
Power Conserver
The Federal Reserve is completely run by multi-national corporations.
The government has absolutely nothing to do with it, either by influence or action. That's why corporations run this country. If you think they don't, tell me why they get everything they want. Look at the revolving government doors for Monsanto personnel. Heck, Clarence Thomas worked for them and now he's a Supreme Court Justice!
Wake up America, and take our Country back! Remember, when the times get tough and you think you need help from the government, NO ONE IS COMING! We have to fend for ourselves since we're not banks or insurance industries.
The government has absolutely nothing to do with it, either by influence or action. That's why corporations run this country. If you think they don't, tell me why they get everything they want. Look at the revolving government doors for Monsanto personnel. Heck, Clarence Thomas worked for them and now he's a Supreme Court Justice!
Wake up America, and take our Country back! Remember, when the times get tough and you think you need help from the government, NO ONE IS COMING! We have to fend for ourselves since we're not banks or insurance industries.
Well, it doesn't look like Wikipedia agrees with you. But then, I understand that anybody can write stuff for Wikipedia. Maybe you should correct them.Veggie PAK said:
http://en.wikipedia.org/wiki/Federal_Reserve_System
ETA: link
Actually, Canadian banks are privately owned as well--they are merely government regulated. This is what enabled our financial system to avoid the problems that other nations have experienced in recent years.MorelCabin said:
S
sunsaver
Guest
Foreign owned (multi-national) corporations control the Fed. That's why people like me are dropping out and turning on. The whole political sports arena is just too silly for intelligent people to take seriously. If you crave money and power, then follow the leader. If you want quality of life, follow your own bliss. Be self reliant on your joy.
patandchickens
Crazy Cat Lady
No, they are not. They are privately owned and operated.
They operate under government regulations (in the US and Canada both), the difference w/r/t recent economic events is simply that the US had somewhat differently written (and more permissive) regulations for banks than Canada did.
Pat
