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<p>[QUOTE=&quot;medoraman, post: 1307890, member: 26302&quot;]Well except for a small return on assets allowed, and paying for its expenses, all other profit from the Fed legally has to be turned over to the US government. This is how this profit is returned to taxpayers sir. I really do not know if the Fed is the best way to do it, and don&#039;t really have an opinion on whether to keep the Fed or not, I simply was explaining how the things work. </p><p><br /></p><p>The major danger is the current crop of politicians is mortgaging this remittance by making the Fed buy bad debts. This is hidden from most taxpayers, and will impune the money coming from the Fed for years to come. I think this action is a travesty. The Fed payment to the Federal government is a major source of income for all of us, and letting politicians &quot;mortgage&quot; this money for political expediancy I think is simply wrong regardless of what side of the aisle, (or both) are doing it.</p><p><br /></p><p>Chris</p><p><br /></p><p>Btw yes the Fed technically may be private, but legally owes the US almost all of its profit. I would characterize it more properly as a GSE, (government sponsored entity).[/QUOTE]</p><p><br /></p>

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