Quote:
Originally Posted by oil pan 4
They are figuring out how to get their piece of the climate change pie.
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That would be a good thing,yes?
The Fed chairman is appointed by the US President (the smartest guy who ever lived), and all the board members are chosen by private banks (certainly the remainder of the smartest guys on Earth),which also own shares in the institution.Capitalism!
By June,2010,the Fed had earned $13.7-billion for the US taxpayers,from the 2008 US Govt. bailout of JP Morgan Chase,Bank of America,Citibank,Wachovia,HSBC,AIG,Wells Fargo,Goldman Sachs,Morgan Stanley,General Motors,General Motors Acceptance Corporation (GMAC),and Chrysler Corporation.
It's exciting when the Fed makes me money!
