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Old 2008-09-19, 18:29   Link #30
Senior Member
Join Date: Jun 2008
As I understand the US Federal Reserve is not really government, it has representatives of the US Government on it's board, but the money under it's control is capital contributed by private banks. So this whole "the US government is bailing the banks out with taxpayer money" we're getting at this end of the world isn't right.

Anyone feel free to correct me if I'm wrong.
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