Zuberi 👀 to DRS Your GMEEnglish • 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 👀 to DRS Your GMEEnglish • 7 months agomessage-square30fedilink
minus-square@[email protected]linkfedilinkEnglish-5•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-square@ChivesMAlinkEnglish10•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]linkfedilinkEnglish0•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.