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Even Yahoo Finance is fooled. . .
derryb
Posts: 36,217 ✭✭✭✭✭
into believing the Federal Reserve is a government agency:
"Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help."
"Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help."
Give Me Liberty or Give Me Debt
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I knew it would happen.
what the federal reserve has to say
What the Federal Reserve Bank of St. Louis has to say.
"Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends."
About those "dividends" earned by private banks that hold Federal Reserve Bank stocks.
Give Me Liberty or Give Me Debt
Liberty: Parent of Science & Industry
what the federal reserve has to say
What the Federal Reserve Bank of St. Louis has to say.
"Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends."
About those "dividends" earned by private banks that hold Federal Reserve Bank stocks.
Yes. The governmental buck stops at the board
Kind of like how a lot of people think the postal service is a governmental agency. (sigh)
Not exactly a government agency. Just a company who's retirement accounts are legally pilfered by governmental bureaucracy. (anyhow that's how I see it. Same with Social Security).
Pork barrel spending never changes. But we are steering off course, in banking and finance , on that subject.