The Federal Reserve is not actually "the government". It's a central bank. From Wikipedia:
The Federal Reserve System is an independent government institution that has private aspects. The System is not a private organization and does not operate for the purpose of making a profit. The stocks of the regional federal reserve banks are owned by the banks operating within that region and which are part of the system. The System derives its authority and public purpose from the Federal Reserve Act passed by Congress in 1913. As an independent institution, the Federal Reserve has the authority to act on its own without prior approval from Congress or the President.
I'm just pointing out the unique organization that it is. I'm not saying I agree with bailout loans.
The Federal Reserve System is an independent government institution that has private aspects and derives its authority and public purpose from Congress.
Ah, yeah. Right. Kind of like Fannie Mae.
“Independent government institution” my arse. Like there has ever been an government made institution that was independent.
Andrew Jackson destroyed it’s predecessor because it was anti-democratic and serving only the moneyed interests of the northeast while it sucked money out of the rest of the country.
The more things change, the more things stay the same.