The Fed shouldn't even exist. Congress made a mistake in ceding the power to a bunch of filthy banksters who were buggering each other at Jeckyll Island. The least it can do is provide some oversight regarding a bunch of private banks to whom every last man, woman and child in this nation is hypothecated.
As a matter of fact, f*ck the Federal Reserve. I want my 16 Trillion with a "T" dollars back.
You got your 16 Trillion back to the penny. There was never 16 Trillion outstanding in the first place. That was a sensationalized number. What they did was they took overnight loans (Loans that have to be paid back the next day) that averaged a few billion a day over a 3 year period. And they added them all up to get the 16 Trillion number.
All the loans that made up the 16 Trillion were paid back the next day. Every single one of them.
And these loans are made to banks with their Bank Reserves as collateral.
You are being played.
Only the auto maker loans weren't repaid. They were transferred to another government loan.