Private banks own the Fed? Always makes me laugh when I hear that silly claim.
You can’t be serious... The Fed IS owned by private banks. Look it up.
Here is one of many sources confirming private ownership of the Fed. A handful of the biggest have a controlling 2/3rds ownership. It is a revolving door for leadership between the Fed and the US treasury and other key Federal Govt jobs. The big banks not only own the Fed, they control it to their own benefit under veils of secrecy and public facade.
http://www.factcheck.org/2008/03/federal-reserve-bank-ownership
The financial Industrial Complex is one of the more blatant examples of industrial capture and control over all branches of governmental “oversight” and regulation.