[lbo-talk] Dean Baker: Harsh words on US govt bailout of Bear Stearns

[Mark Rickling]

On Tue, Mar 18, 2008 at 12:20 PM, Steven L. Robinson
<srobin21 at comcast.net> wrote


> Legally, it is not clear what kind of entity the Federal Reserve is.
>
> With regards to its employees, the Federal Reserve claims to be exempt from all state and federal employment laws.

Interesting. On what grounds does it claim to be exempt from federal
employment law? It's the creation of Congress, by the Federal Reserve
Act of 1913, no?