[Toddsterpatriot]

Who said the shareholding banks aren't making a profit?

[agere_contra]

We’re agreed then that the FRB is a profit-making organization.

The members get a lot from their cosy relationship with Government. They get a statutory dividend. They get access to ultra-cheap loans. Since 2008 they get paid interest on their excess reserves. And they also get to vote for their regulators (!)