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The Fed Is Weird. Get Over It.
The Federal Reserve System is a strange, ungainly beast. Its strangest and ungainliest appendages are the regional Federal Reserve Banks, 12 technically private institutions scattered unevenly across the nation. The Federal Reserve Bank presidents are chosen by boards of local citizens -- although not, since the Dodd-Frank Act, by local bankers -- and are paid on a scale that actual government officials below the level of U.S. president can only dream of (unless you count state-university football and basketball coaches as government officials). Yet these well-remunerated private citizens get to help set the ... (full story)
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- Mar 3, 2015 3:12pm Mar 3, 2015 3:12pm
- TheTopBloke
- | Joined Sep 2007 | Status: Forex God | 1035 Comments
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- Mar 3, 2015 3:48pm Mar 3, 2015 3:48pm
- palabara
- Joined Jan 2005 | Status: ~ Noblesse Oblige ~ | 79 Comments
There are those who know, and there are those who don't know.
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- Mar 3, 2015 5:53pm Mar 3, 2015 5:53pm
- albchr
- Joined Mar 2009 | Status: Member | 584 Comments
Ghost Rider - WWTBMD?
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- Mar 3, 2015 11:24pm Mar 3, 2015 11:24pm
- Sonofsin5
- | Joined Jan 2009 | Status: Fading the specs | 17 Comments