On Sat, Jun 1, 2013 at 5:14 PM, Levi Pearson <[email protected]> wrote:
> And you say "beholden to its anonymous shareholders" like that isn't how > all corporations work. > This is coming from someone who listens to the No Agenda show, so take it with a grain of salt. I'm more concerned about the fact that the Fed *is* a corporation and not that is runs like one. The law does put limits on what shareholders can do, but we live in a capitalistic society and the all mighty dollar can get people to do wild things. so, if you want to know who the shareholders of your regional Fed are, look > at the largest banks in the region. I have never seen a list of shareholders. I've read a few people claiming to know who they are, but they don't have verifiable sources. The Fed doesn't release that information. We can assume that some banks have shares, but we don't know how much. There is only a minimum purchase amount for members. And the laws allow for some of the shares to be sold to the public. What I'm interested in is more transparency. TINFOIL HAT ON: These people have the button that makes money out of thin air. There is nothing stopping them from working together to make small tweaks to the economy that slowly hurt individuals in the long run and make their shareholders billions of dollars. Add to that the fact that our government gets a large kickback on those profits and I don't see Congress or the President or anyone doing anything about it in the foreseeable future. The sad part is that we would never know. /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
