San Francisco Federal Reserve Employee Admits Fed is a Private Corporation

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SF Fed confirms that they are a private corporation that pays dividends to shareholders
The Intel Hub
By David Haynie – Pacific Progress
November 19, 2011
Recently Humboldt State University was visited by David Lang and Yelena Takhtamanova from the Federal Reserve Bank of San Francisco where they presented some information about the Federal Reserve System.

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At 28:25 in the video, an Occupy Humboldt protester asks important questions concerning the Federal Reserve, money, debt, the national debt, and inflation. I am not sure if he may have articulated himself as well as he wanted, but his concerns are very important, and were disregarded by the Fed reps.
David Lang even goes as far as to echo Yelena Takhtamanova’s simply explanation of what money is. I’m not sure if he was prepared for the many questions asked but, regardless, his weak non-answer to the Occupy protester proves he is just a pawn in the big picture of things at the Fed of San Francisco.
I then asked my question at 31:06, concerning the Federal Reserve bank of San Francisco and whether it was formed as a private institution.
He confirmed that it is.
He also confirmed that they pay dividends to their shareholders.

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http://theintelhub.com/2011/11/19/san-francisco-federal-reserve-employee-admits-fed-is-a-private-corporation-that-pays-dividends-to-shareholders/