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Message Subject Why do you have a problem with people receiving GOV assistants but not corporations?
Poster Handle Anonymous Coward
Post Content
The Federal Reserve does not operate using TAX DOLLARS. They are private banks.

Welfare, Obamaphones, food stamps and so forth come from TAX Dollars.

I do not like to pay tax dollars.

I can't put it any more simple than that.

But don't try to pretend the federal reserve is the same as the U.S. government.

And I do NOT support corporate welfare either nor bank bailouts but if the Federal reserve is doing it, that's a totally different situation. Banks answer to their shareholders.
 Quoting: Bluebird


Are you saying no tax dollars go to the FED?

crazyjak
 Quoting: Anonymous Coward 24950699


No, I'm not saying that. But it is separate money. It's the same as any other bank:

The Federal Reserve's income is derived primarily from the interest on U.S. government securities that it has acquired through open market operations. Other sources of income are the interest on foreign currency investments held by the System; fees received for services provided to depository institutions, such as check clearing, funds transfers and automated clearinghouse operations; and interest on loans to depository institutions (the rate on which is the so-called discount rate). After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.
 Quoting: Bluebird


lmao

You're so cute.

[link to money.cnn.com]
 
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