Who owns the Federal Reserve?

 

 

Mike Shedlock

 

The only reason banks are not on an "out-of-control course to nationalization"

is Bernanke is on an "out-of-control" mission to rescue banks

regardless of what it costs taxpayers.

 

http://globaleconomicanalysis.blogspot.com/2009/02/bernanke-admits-fed-is-clueless-and.html

 

If Ben Bernanke is the Fed Chairman

and the Federal Reserve is owned by its member banks

which are owned by share and debt holders

what is the likelihood that an indirect stakeholder representative

would advocate the seizure of member banks?

 

Capitalism without financial failure is not capitalism at all

but a kind of socialism for the rich

 

James Grant