"The Fed" is the Federal Banking System. It was created by Congress but it is NOT part of the government. The Fed is an independent uber-bank and the stock ownership of this bank is entirely held by other banks. Only banks can own stock in the The Federal Bank.
DEBT CEILING
DEBT CEILING
DEBT CEILING
"The Fed" is the Federal Banking System. It was created by Congress but it is NOT part of the government. The Fed is an independent uber-bank and the stock ownership of this bank is entirely held by other banks. Only banks can own stock in the The Federal Bank.