Tuesday, October 7, 2008

FED: Private or Public?...er...Hybrid?

In response to a comment; Gary North on his Q&A forum:

If the FED is not private "at all," then why do all the 12 regional Fed banks have .org in their web addresses? Why do they all pay postage, unlike the Board of Governors?

The Board of Governors has .gov. It is a government institution. It mails out under the government's frank.

You learn something new everyday. The FED really is a monstrous hybrid from Jekyll sland.

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