That's not what the Fed says.
In April and May of 2008, Bloomberg reporters Mark Pittman and Craig Torres asked the Federal Reserve Board to disclose records under FOIA relating to the $2 trillion in taxpayer-funded emergency lending programs.
The Fed denied the request because the records sought by Bloomberg were housed at the Federal Reserve Bank of New York ("FRBNY") which, argued the Board, is not an agency and thus not subject to FOIA.
I don't speak stupid. Or conspiracy. Can you translate that into English?
No problem, FRiend. By "Fed monetary policies" I meant things like how a total of $16.1 TRILLION in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010, including:
Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion
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Now it's your turn for some answers. Starting with how this isn't the real fractional banking and not a genuine conspiracy. And leave Wikipedia out of it - I'm not interested in hearing you speak stupid. Try English.
That's not what the Fed says.
The "shareholders" got $1.7 billion in dividends, the US Treasury got $98.7 billion last year.
Does that sound like a private firm?
Starting with how this isn't the real fractional banking
Ummmm....why would you think central banks need deposits to make loans?
Fractional reserve banking is what commercial banks do, not central banks.