The haste of the Treasury, the FDIC, and the Federal Reserve—three fucking fed agencies—to bail out a mid regional bank was suspicion enough. Now we know why. I wagered it was some higher-up Democrats, but Chinese depositors are close enough.
The privately owned bank with a .gov website, whose books are notoriously difficult to audit and doesn't conform to GAAP, and whose Board of Governors are appointed by the President and confirmed by the Senate. Sure, guy.
The haste of the Treasury, the FDIC, and the Federal Reserve—three fucking fed agencies—to bail out a mid regional bank was suspicion enough. Now we know why. I wagered it was some higher-up Democrats, but Chinese depositors are close enough.
I gotta be the guy who corrects you saying The Federal Reserve is a privately owned bank not a Federal agency.
The privately owned bank with a .gov website, whose books are notoriously difficult to audit and doesn't conform to GAAP, and whose Board of Governors are appointed by the President and confirmed by the Senate. Sure, guy.
It’s quite the scam they’ve got going.
It's about as private as the treasury dept
Wikipedia is accurate in this case.
https://en.wikipedia.org/wiki/Federal_Reserve#Structure