It isn’t exactly a private company since the president appoints board members. It is better described a fascist-type government/corporate hybrid.
Yeah sure. Like any real laws exist anymore. The Framers warned us about a Fed and it was snuck past the public in the middle of the night. I am amazed at how naive some people on FR are.
I love how idiots will sell their liberty and their children out for TV personalities. Witness morons defending Beck and O Reilly who are Obama/Al Waleed puppets.
The Fed is something like FRE and FNM - corporate/government hybrids where decisions are made outside the purview of the electorate that result in privatized gains for a few and socialized losses for all taxpayers. The Fed is far worse as their actions destroy the dollar and it is all kept secret (except for insiders). You think the decisions they make aren't discussed and cleared beforehand through the for profit banks like Goldman? The entire system is corrupt and we're the saps.
Of course the FED is fascist. It was the fascist Dems who passed it into being in 1913. Fascism was cool, then.
Not unlike the fascist Dems passing DeathCare.
That is fascist too. Deciding who lives and dies.
The FED defenders, in my book, are defending fascism.