Hold on a second... the US federal reserve bank is... PRIVATE?

[Avinash_Tyagi]

Grey Acumen said:
that's usually the reason anything the government does fails, there's not enough accountability for mistakes.

If you pay a private company to build your house and if collapses when you slam the door, you would demand your money back and be able to seek legal means to do this. If the government takes your money and then builds a housing project for you to live in, and then you slam the door and your house collapses and you demand your money back, the government just says "oh no, taxes makes it our money, even though you were the one who worked to earn it, so you don't get to complain about the house that we gave you"

 Well in this case its more the private industry that is refusing to be accountable for its mistakes, always running to the fed when any problem arises, government's only fault in this is its willingness to bail them out, if the fed told them no that they were on their own then we would end up with some improvements.

 

Its like if your screwup brother or sister comes to you all the time asking for money saying that they are going to turn themselves around but never do, eventually you're going to be an idiot if you keep giving them money, but the fed keeps doing it