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11-12-2008, 12:24 AM #3
OPSenior Member
Updated bailout price tag: 840 Billion?
That quote is taken right out of Zeitgeist, and it's true.
Originally Posted by Gatekeeper777
On Wikipedia, it says the profits made by the Fed go to its shareholders, as with any corporation.
However, its shareholders are the banks insured by the FDIC.
Not the Government, not the taxpayers, it's only the college of banks that make up the fed that get the profits from interest.
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