A group of #bigbankers created the #FederalReserveAct in secret because it served their interests.
By establishing a central bank with private and public elements, they aimed to stabilize the financial system, protect their investments, and maintain control over monetary policy.
However, publicly criticizing the bill allowed them to appear as advocates for transparency and accountability while shaping the narrative to their advantage.
This tactic helped mitigate potential public backlash and legitimize the #FederalReserve's existence.
Ultimately, the secrecy surrounding its creation and subsequent public criticism underscore the complex interplay between private interests and government regulation in shaping financial institutions.