Neither does anyone except the shareholders control the Federal Reserve, and the shareholders are the National Banks.
Do they make a lot of money off of it?
How much does the Fed earn? Hey! it prints money, legally. So what kind of question is that?
The kind of question that you didn't understand. I don't care how much the Fed makes, I want to know how much the shareholders make.
When the Fed hikes the "prime rate", it earns interest on the money,
I hate to break it to you, but the Fed has nothing to do with the prime rate.
It proudly states that it returns any excess to the US Treasury.
So the shareholders don't get to keep all the money the Fed earns? What kind of secret evil conspiracy returns money to the Treasury?
If so, how would you arrive at a fair price? What is the printing press that legally can be used to print an infinite number of dollars worth????
Wow! I guess each share of the Fed must have an infinite value? Who owns these shares? Their shares must also have an infinite value.
Yet, for any national bank that is listed on a public stock exchange, Sarbanes-Oxley requires them to mark to market any assets they hold. How can the national banks comply with this requirement? They cannot.
Have you ever seen that line item on their balance sheet? If not, how do you know that they haven't marked it to market?
In truth, there will be endless obstacles and delays placed in the way of any politician who wants the Federal government to acquire full control of the Federal Reserve corporation.
Yeah, I'd feel much better if Nancy Pelosi and Cynthia McKinney were in charge of the Federal Reserve. You're funny!