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<p>[QUOTE="fatima, post: 1291879, member: 22143"]Indeed. I just read through the current legislation covering the mint's operations. As it turns out, the minting of these coins, as well as all coins produced by the US Mint, unless specifically authorized by legislation, are left to the discretion of the Secretary of the US Treasury. Currently this would be a one Timothy Geitner who is appointed by the US President and confirmed by the US Senate. Mr. Geitner is the closest equivalent to a CEO of the place except that he isn't required to show any business results and he is subject to direct orders for coin minting by the Congress & President. </p><p><br /></p><p>It's an interesting situation since Geitner is a part of the Executive Branch, but it is Congress, the Legislative branch, that controls coinage. More simply, Congress will release specific detailed legislation for their pet projects like the ATB, but for other matters affecting coinage, they leave it up to the President and his crew. It's not remotely close to anything like a business or corporation.</p><p><br /></p><p>Additionally, corporations can go to the Judicial branch to contest business regulation put forth by Congress. The Mint can't do this.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1291879, member: 22143"]Indeed. I just read through the current legislation covering the mint's operations. As it turns out, the minting of these coins, as well as all coins produced by the US Mint, unless specifically authorized by legislation, are left to the discretion of the Secretary of the US Treasury. Currently this would be a one Timothy Geitner who is appointed by the US President and confirmed by the US Senate. Mr. Geitner is the closest equivalent to a CEO of the place except that he isn't required to show any business results and he is subject to direct orders for coin minting by the Congress & President. It's an interesting situation since Geitner is a part of the Executive Branch, but it is Congress, the Legislative branch, that controls coinage. More simply, Congress will release specific detailed legislation for their pet projects like the ATB, but for other matters affecting coinage, they leave it up to the President and his crew. It's not remotely close to anything like a business or corporation. Additionally, corporations can go to the Judicial branch to contest business regulation put forth by Congress. The Mint can't do this.[/QUOTE]
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