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<p>[QUOTE=&quot;fatima, post: 999102, member: 22143&quot;]Of course they are, and I never said they could not be.&nbsp; Also the very first thing I said was the reason the FR was created, was to allow the government to avoid Constitutional restrictions on money.&nbsp; &nbsp; Congress created the Federal Reserve and it has the legal power to dissolve it.&nbsp; What I did say is that the Federal Reserve was created by Congress as a private corporation that as currently designed, is not subject to oversight.&nbsp; In other words, to perform, say an audit, they have to pass a bill through congress.&nbsp; Most of the FRs actions are exempt from the Freedom of Information Act which can be again overridden by Congress if they can manage to pass a bill to do so.&nbsp;&nbsp; The point being, and my response was due to the claim the FR was a government agency, it is exempt from all the legal restrictions on government agencies by design.[/QUOTE]</p><p><br /></p>

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