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Re:What happens when a culture is driven by the need for mon... by 7Figures2Commas on Wednesday November 11, 2015 @02:12PM (#10548551)
If you're suggesting that the member banks of the twelve regional Federal Reserve Banks have banded together to manipulate Fed policy so they can stick it to retail banking customers, please do yourself a favor and research how the Federal Reserve System operates. The policy decisions we're discussing are made by the Federal Open Market Committee and Federal Reserve Board. If you educate yourself as to their composition, you will quickly see that member banks, let alone a handful of large member banks, are not calling the shots.
Re:What happens when a culture is driven by the need for mon... by ZenoArrow on Wednesday November 11, 2015 @03:53PM (#10549194)
AFAIK the shareholders of the Fed are not publically known, are you suggesting that the identity of these shareholders is public knowledge?
Re:What happens when a culture is driven by the need for mon... by 7Figures2Commas on Wednesday November 11, 2015 @04:25PM (#10549399)
Re:What happens when a culture is driven by the need for mon... by ZenoArrow on Wednesday November 11, 2015 @04:44PM (#10549554)
https://en.m.wikipedia.org/wiki/Structure_of_the_Federal_Res...

"The U.S. Government does not own shares in the Federal Reserve System or its component banks, but does receive all of the system's annual profits after a statutory dividend of 6% on their capital investment is paid to member banks and a capital account surplus is maintained."

So part of their profits go to member banks. Who are the member banks that profit from these dividends?

Re:What happens when a culture is driven by the need for mon... by omarchowdhury on Wednesday November 11, 2015 @07:47PM (#10550540)
Probably the ones with the most money.
Re:What happens when a culture is driven by the need for mon... by ZenoArrow on Wednesday November 11, 2015 @07:56PM (#10550573)
That's a reasonable assumption, but I'd rather have a list of the companies involved.