Zuberi 👀@lemmy.dbzer0.com to DRS Your GME@lemmy.whynotdrs.orgEnglish · 7 months agoThe Federal Reserve is a Privately-Held, For-Profit Companylemmy.dbzer0.comimagemessage-square30fedilinkarrow-up1405arrow-down127
arrow-up1378arrow-down1imageThe Federal Reserve is a Privately-Held, For-Profit Companylemmy.dbzer0.comZuberi 👀@lemmy.dbzer0.com to DRS Your GME@lemmy.whynotdrs.orgEnglish · 7 months agomessage-square30fedilink
minus-squaredangblingus@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up6arrow-down11·7 months agoI mean… it’s isn’t those things. It’s literally a government agency. It can’t “make profit”, it literally is the banking system, not a bank itself.
minus-squareChives@lemmy.whynotdrs.orgMlinkfedilinkEnglisharrow-up11arrow-down1·7 months agoIt is literally not a government agency. It operates under a mandate from congress, but is not a government agency.
minus-squareGaia [She/Her]@lemmygrad.mllinkfedilinkEnglisharrow-up3arrow-down3·7 months agoCongress isn’t a business, but Pelosi sure made a shitton of money off of insider trading. At best we live in an oligarchy that poses as a democratic republic. The votes follow the money, not vice versa.
I mean… it’s isn’t those things. It’s literally a government agency. It can’t “make profit”, it literally is the banking system, not a bank itself.
It is literally not a government agency. It operates under a mandate from congress, but is not a government agency.
Congress isn’t a business, but Pelosi sure made a shitton of money off of insider trading. At best we live in an oligarchy that poses as a democratic republic. The votes follow the money, not vice versa.