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Originally Posted by Brutha  There called that way by law. |
Thanks for the answer. Sounds like a law that definitely ought to be changed. The USA would be a much better place if our money were emblazoned with the words "Not-So-Federal Reserve Note" at the top...
Just kidding...
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Who exactly bailed out AIG? The Board of Directors, the Board of Governors or the NY Fed?
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Based on what Still Growing said above, I think it was the NY Fed:
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Originally Posted by Still Growing On the news you keep hearing "The Fed bailed out AIG" however who is the Fed? If you took a national poll on who the money came from I bet less than 1% would said it was from a private bank called The NY Fed. |
Best wishes,
Apollia