Happy 100th birthday Federal Reserve

[Kasz216]

snyps said:

Kasz216 said:

snyps said:

MegaDrive08 said:

 

 

 

 

you mean a bank system run by a board of ppl who underwent an election by representatives unlike a bank system run by appointees and private banks.

The people who run the Central Bank of Iceland are appointed by the legislature of Iceland.

The people who run the Federal Reserve Board of Govonors are chosen by the preisdent, then elected in by being approved by the congress.

It's pretty much the exact same thing.  

Private banks don't pick or have a say about anyone who is a member of the Federal Reserve Board  of Govenors.