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<p>[QUOTE=&quot;dcarr, post: 3100907, member: 4781&quot;]Well, that is the Federal Reserve website after all.</p><p><br /></p><p>From that website:</p><p>&quot;Commercial banks that are members of the Federal Reserve System hold stock in their District&#039;s Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.&quot;</p><p><br /></p><p>&quot;Different&quot; or not, it says it right there - the Federal Reserve System (the district banks) are owned by the stockholders, which are certain large commercial banks. This Federal Reserve stock is not publicly traded, therefor it is &quot;privately owned&quot;.</p><p><br /></p><p>The Federal Reserve pays out 6% of its profits to the stockholders.</p><p><br /></p><p>And it is quite beneficial for these owners (such as Goldman Sachs) to have an inside view of the Federal Reserve. I&#039;m sure they profit quite handsomely from the information they are party to. And in situations when somebody like AIG owes a bunch of money to Goldman Sachs and AIG is about to go bankrupt, Goldman Sachs can make sure that AIG gets bailed out by the Federal Reserve (at our expense) so that Goldman Sachs can get paid.[/QUOTE]</p><p><br /></p>

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