If the Federal Reserve is “not federal” and owned by private banks… why is the taxpayer footing the bill for their new marble palace? Asking for every American who pays rent to live in drywall.
Discussion
Been asking this myself. I think it’s indirect, since all profits of the Fed get sent to the Treasury. So not directly funded by taxpayers, but through profits they otherwise didn’t receive. If the Fed can’t keep profits, I think that probably is the right treatment. If the member banks were sharing the profits, then they should have funded the building.