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To: Toddsterpatriot
The government doesn't own it, but gets 98% of the profits? Sounds like your kind of ownership. LOL!

Might be, what's 2% of 17T? Btw, by law it's 6%, IIRC.

64 posted on 12/25/2013 3:01:49 PM PST by Errant
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To: Errant
Might be, what's 2% of 17T?

You're confusing "ownership" of Fed "shares" and ownership of Treasury Bonds. Your confusion is sad, but not surprising.

Btw, by law it's 6%, IIRC.

Yes, 6% of their "shares", not 6% of Fed profits. Not 6% of the debt either.

67 posted on 12/25/2013 3:12:10 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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