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Old 10-13-2011, 07:46 AM
 
Location: San Diego California
6,797 posts, read 6,625,449 times
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Quote:
Originally Posted by slackjaw View Post
Its duties today, according to official Federal Reserve documentation, are to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions.
The Federal Reserve is a private institution, not bound by mandates of the Federal Government.
They can and do what ever they want.
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