Fed not part of gov't

[Doug Henwood]

Rosser Jr, John Barkley wrote:


>     In fact, technically and officially, the Federal
>Reserve System is owned by the "National Banks," which in
>turn are privately owned.

Actually I think it's just the regional branches that are owned by their
member banks; the Board in Washington is supposed to be an agency of the
U.S. government. Sort of.

Doug