I think he means the banks that finance them. Banks control the fed, banks can get loans from the fed, you can't.

They want more money, they get the fed to print more.

SNL's parent company is likely completely leveraged, and I think he is implying they get sweetheart interest rates(I wouldn't doubt it)

The control mechanism is supposed to be that since the banks have large amounts of cash assets, and have given fixed rate loans, so they in theory stand the most to lose. Along with that the banks are theoretically not working together. But there is still a lot of cash held by people who aren't banks, so they effective can steal from all the cash holders, and only "pay out" from their share(they don't pay out, just their money is devalued).

The simplest solution(other than just ending the fed) for this, at least to me, is just to for the government to take a cut of every fed loan payout and then refund income tax payers up to their liability at the end of the year.(Whether on a percentage, equal payout, or highest liability first, or some combination or other scheme)

This would keep the banks more honest if the cut was between 0 and whatever percentage of cash/fixed cash backed assets non-banks hold.

Another thing you could do is ban federal reserve member banks and federal reserve banks from loaning out at variable interest(leaving that to less privileged banks) and only allow them to take loans at variable interest. (This would have a side effect that fed member banks would need an intermediate non-member bank though)