Replies

To: Toddsterpatriot

I stand corrected. We pay the shareholders of Fed Stock (whoever the hell that is...) 6% dividend annually.

So, in essence, we pay the owners of the member banks a 6% cut of the action.

29 posted on 10/01/2013 1:21:04 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)

To: Vermont Lt

So, in essence, we pay the owners of the member banks a 6% cut of the action.

The "action" last year was over $90 billion. Dividends were $1.6 billion.

31 posted on 10/01/2013 2:13:10 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)

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