[hosepipe]

Nothing except of course that... all of the profit that the Federal Reserve is given over to the Federal Treasury. ($88.9 billion in 2012) the President appoints all the members of the Federal Reserve board of Governors. the President nominate the chairman of the Federal Reserve. the Board of Governors appointed by the President names 1/3 of the directors at each Federal Reserve Bank. the member banks are limited to a flat 6% in the return they get on their capital in the Federal Reserve banks. the member banks regardless of their size or capital get one and only one vote for the remaining 2/3 of the federal reserve directors. the Federal government dictates that 1/3 of the banks directors must come from the banks customers representing the industry in the region.
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Thats the way it is supposed to work.. you really don't think it actually works that way do you?...
That the fed.res stockholders have no say in these matters?...
That the fed is not MORE Corrupt than General Motors? or General Electric?.. or Chase?..

Much more corrupt.... if thats even possible..
The federal reserve is a Vampire.. that grows intestinal worms in the body poltik also parasites.. and elects or has them elected to figurehead positions.. I see you seem to be a sheep..

[DannyTN]

I understand the system. And I understand the alternatives.

The Fed to banking is a bit like democracy. It’s the worst system except for all the others.

The FED in my opinion had done a wonderful job through the years. It’s doing exactly what it should be doing now.

It’s not the FED’s fault that congress has overspent. Switch to a gold standard and a corrupt Congress will still borrow and promise your children will repay in gold.

The FED can’t fix bad economic policy coming out of congress or the executive. The FED didn’t cause our jobs to be outsourced overseas, lowering the tarrifs from their historic norms to just 1% did.