The Fed is under attack, but still massively profitable for taxpayers

Posted by $ nickursis 7 years, 6 months ago to Government
1 comments | Share | Flag

Let's see here, a self regulating bank, with it's own made up money, borrowed under taxpers "credit", makes a bunch of made up[ money selling things it doesn't own, buying thing with made up money, and it's profitable? If it is so profitable, why isn't all it's "profit" put towards the national debt created to help fund all these acquisitions it is making all this money with? Must be a Progressive Math or Finance class needed here....
SOURCE URL: http://money.cnn.com/2016/09/27/news/companies/donald-trump-federal-reserve-profit/index.html?iid=ob_article_organicsidebar_expansion


Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read


FORMATTING HELP

  • Comment hidden. Undo