[agere_contra]

This isn’t as perplexing as you’re making it out to be.

Fed Ex is a privately-owned company that doesn’t have a particularly cosy relationship with the Government.

The FRB is a privately-owned company that enjoys an extremely cosy relationship with the Government.

GM and Solyndra are in awe.

[Toddsterpatriot]

The FRB is a privately-owned company

If my privately owned company paid me a dividend of less than 1.7% of net earnings while the US Treasury received 98.3% of net earnings, I'd double check my definition of "privately owned".

The FRB is a privately-owned company that enjoys an extremely cosy relationship with the Government that it is a part of.......

[expat_panama]

This isn’t as perplexing as you’re making it out to be...

Of course it isn't Mr Silly!  We both know there's not a shred of truth to the idea that "the Federal Reserve is not part of the government: anymore than ‘Fed Ex" but imho one of the big problems here is not the Fed but it's the fact that everyone takes themselves too flippin' seriously.  I know I do and one of the ways I deal w/ it is to make it a point to lighten up a bit with humor.

OK, so it falls flat a lot and I know my sense of humor is undersized, limp and slow to respond but it's not size that matters and I know I get a thrill.

We're still talking about humor aren't we?