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SDuderstadt

(1000+ posts) Send PM | Profile | Ignore

Sun Apr-17-11 11:33 AM
Response to Reply #14

16. Exactly...

keywords being: controlled by the publicly appointed Board of Governors. Does that sound like "ownership" to you? The member banks are required to buy subscription stock which confers virtually none of the benefits of ownership as one would normally regard it.

Next time, read more deeply before exercising your confirmation bias.

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