Quote:
Originally Posted by RummyBoy
However now, I'm reading the website which claims that the FED is neither.
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There you have it. It is governmental institution that is linked to private sector with some "kinda" ownership.
"The Federal Reserve System has both private and public components, and was designed to serve the interests of both the general public and private bankers. The result is a structure that is considered unique among central banks."
http://en.wikipedia.org/wiki/Federal_Reserve_System