Fed not part of gov't

Rosser Jr, John Barkley rosserjb at jmu.edu
Fri Feb 12 12:09:08 PST 1999

It's private, but quasi-non profit.

BTW, still haven't heard who owns the new ECB. For that matter, I suppose the participating governments own the IMF and the World Bank. But who owns the Bank for International Settlements in Basel, Switzerland? There's the one that real international conspiracy spooks freak out about. Barkley Rosser On Thu, 11 Feb 1999 23:23:08 -0500 Doug Henwood <dhenwood at panix.com> wrote:

> Brad De Long wrote:
> >If it's private, then why does it pay 90%+ of its interest income back to
> >the Treasury?
> Talk about a divorce between ownership & control, then: the collector of
> all the dividends has no voting power, and management decides just how much
> it feels like turning over.
> Doug

-- Rosser Jr, John Barkley rosserjb at jmu.edu

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