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Originally Posted by schola  Pretty much the same thing either way. Isn't JP Morgan-Chase one of the Federal Reserve owners? |
This is the exact bull I've been arguing about in previous threads.
The Federal Reserve Board authorized the Privately held "Federal Reserve Bank of New York" to bail out another privately held AIG?! When the dust settles wait and see who will hold the shares. It will be the private owners of our New York Fed. And if they don't end up owning shares they will at least receive money on the interest loaned to AIG. OK if its our money then why don't we the tax payer get the interest?
These private bankers use public money like its their own piggy bank and you will see that some banks will be bailed out and some not. The private bankers will select which ones are worth saving. Translation: Ones that have assets and enough intrinsic value minus debt.
I'm so glad this is happening because it will start to shed light on our corrupt Federal Reserve system. The Federal Reserve Bank of NY is really the central bank and the Board is a joke as well as the other member banks.
People have actually debated with me that the Federal Reserve was not private simply because there exists an oversight board.
I've spoke about this subject until I'm blue in the face and nobody shares in my outrage. One day the public will look back and finally understand how we the tax payers were looted.
Lets also not forget that this privately owned Federal Reserve Bank of NY also has $75 billion in Iraqi oil money sitting in it right now. So they're flush with cash to buy up more companies. Nice.