Thank you, humblegunner
Do you use Free Republic?
Consider donating to keep the lights on, or we may all lose it
Click the Pic
Posted on 10/11/2011 5:54:18 PM PDT by PalinCain2012
It got 43 out of 98. ( ALL Democrats )
43 for? How many against?
25. All Republicans.
The Federal Reserve Act, this mind-boggling legislation which changed the very fabric of our economy and monetary system, was "passed" during Christmas Holiday (Dec 23, 1913), when many members were at home on break.
The Fed is privately owned by the member banks. We do not know the ownership list, because that would require a full Congressional Audit -- which Herman Cain did not /does not favor.
You know it still would have passed easily, even if all the members were there, right?
The Fed is privately owned by the member banks.
Not really. They can't sell their shares, buy extra shares, use their shares as collateral. They don't get to keep the earnings of the Fed, the vast majority of which are turned over to the Treasury.
We do not know the ownership list
Sure we do and it's not a bunch of European, Jewish banking families.
because that would require a full Congressional Audit --
No it wouldn't. If you care that much, I'll be happy to get the list for you.
Then why did you say that the Federal Govt "owns" the Federal Reserve?
ME: Who owns The Federal Reserve?
YOU: The US government.
Do you believe the Federal Government "owns" all the individual member banks?
Member banks have to buy "shares". Bank of America, Citibank as well as scores of much smaller banks are members. Bank of America, Citibank and these smaller banks do not own the Federal Reserve. The government does. Clearer?
Do you believe the Federal Government "owns" all the individual member banks?
No, the Federal Government just owns the Fed.
Your mom is a joke.
Awww, you poor girl.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.