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In response to
"is the Fed not a privately owned bank in the US? -- nm"
by
Danedukenuuk
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nope.
Posted by
znufrii
Nov 20 '09, 09:43
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"It is not "owned" by anyone and is "not a private, profit-making institution". It describes itself as "an independent entity within the government, having both public purposes and private aspects".[7] In particular, neither the Federal Reserve System nor its component banks are owned by the US Federal Government."
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