Tiberius Posted September 16, 2015 Share Posted September 16, 2015 You're forgetting a very important word. I LOVE that you're doubling down on your position. It's outstanding work. Within? Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 16, 2015 Share Posted September 16, 2015 Within? Keep trying. Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 Regulator and Supervisor The Federal Reserve Board has regulatory and supervisory responsibilities over banks. This includes monitoring banks that are members of the system, the international banking facilities in the U.S., the foreign activities of member banks and the U.S. activities of foreign-owned banks. The Fed also helps to ensure that banks act in the public's interest by helping to develop federal laws governing consumer credit. Examples are the Truth in Lending Act, the Equal Credit Opportunity Act, the Home Mortgage Disclosure Act and the Truth in Savings Act. In short, the Federal Reserve Board acts as the policeman for banking activities within the U.S. and abroad. Regulatory agency http://www.investopedia.com/university/thefed/fed2.asp Link to comment Share on other sites More sharing options...
Chef Jim Posted September 17, 2015 Share Posted September 17, 2015 Regulatory agency http://www.investopedia.com/university/thefed/fed2.asp And so where in your quote would you point to that makes your argument that The Fed is a government agency? Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 And so where in your quote would you point to that makes your argument that The Fed is a government agency? being a regulatory agency that has the president appoint and congress approve its members. What is your argument on this? What are you saying the fed is? Link to comment Share on other sites More sharing options...
Chef Jim Posted September 17, 2015 Share Posted September 17, 2015 being a regulatory agency that has the president appoint and congress approve its members. What is your argument on this? What are you saying the fed is? The Fed is very similar to FINRA which also is a regulatory agency. It is a self regulatory self funded corporation not part of the US government though it's members are not appointed by the President and approved by the Senate. SIPC members however are appointed by the President and approved by the Senate but is a non-profit MEMBER funded US CORPORATION. There are many more examples of this. And this from wiki: Can you give up your futile campaign now? The Fed considers the Federal Reserve System "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."[21] Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 The Fed is very similar to FINRA which also is a regulatory agency. It is a self regulatory self funded corporation not part of the US government though it's members are not appointed by the President and approved by the Senate. SIPC members however are appointed by the President and approved by the Senate but is a non-profit MEMBER funded US CORPORATION. There are many more examples of this. And this from wiki: Can you give up your futile campaign now? Are you actually suggesting that the Federal Reserve is simply a private corporation? Link to comment Share on other sites More sharing options...
DC Tom Posted September 17, 2015 Share Posted September 17, 2015 Regulatory agency http://www.investopedia.com/university/thefed/fed2.asp Nowhere does it say "agency." Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 Nowhere does it say "agency." You are wrong again. What an idiot Link to comment Share on other sites More sharing options...
DC Tom Posted September 17, 2015 Share Posted September 17, 2015 You are wrong again. What an idiot I can read what you posted and SEE that it doesn't call the Fed an agency. Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 I can read what you posted and SEE that it doesn't call the Fed an agency. But still is and you should know that doofus this is fun Link to comment Share on other sites More sharing options...
DC Tom Posted September 17, 2015 Share Posted September 17, 2015 But still is and you should know that doofus this is fun You claimed it was a federal agency, using a source that says no such thing. Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 You claimed it was a federal agency, using a source that says no such thing. Well excuse me for stating a true fact! Sorry the link did not exactly say everything I stated Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 17, 2015 Share Posted September 17, 2015 Well excuse me for stating a true fact! Sorry the link did not exactly say everything I stated Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 Link to comment Share on other sites More sharing options...
Chef Jim Posted September 17, 2015 Share Posted September 17, 2015 Are you actually suggesting that the Federal Reserve is simply a private corporation? Nope. Try again. Link to comment Share on other sites More sharing options...
DC Tom Posted September 17, 2015 Share Posted September 17, 2015 Well excuse me for stating a true fact! Sorry the link did not exactly say everything I stated It didn't say anything that you stated. It didn't even imply it. Why did you even link to it? Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 It didn't say anything that you stated. It didn't even imply it. Why did you even link to it? Can't even remember now. Gees, you guys are all over the place! Lol, at least you haven't came out and said it wasn't a federal agency because that would be stupid! Nope. Try again. Ok!! Who appoints people to that regulatory body you brought up? Bet its not the president! Link to comment Share on other sites More sharing options...
Chef Jim Posted September 17, 2015 Share Posted September 17, 2015 Can't even remember now. Gees, you guys are all over the place! Lol, at least you haven't came out and said it wasn't a federal agency because that would be stupid! Ok!! Who appoints people to that regulatory body you brought up? Bet its not the president! I already told you the President does not appoint members to FINRA. But is it a US corporation. I used that example to shoot down your point that if it's a regulatory body it's part of the government. I then brought up SIPC to show that a entity that has members appointed by the President can ALSO be a US corporation. https://en.wikipedia.org/wiki/Securities_Investor_Protection_Corporation The Securities Investor Protection Corporation (SIPC /ˈsɪpɨk/) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970[1] and mandates membership of most US-registered broker-dealers. "SIPC is led by seven directors, some appointed by the President of the United States Link to comment Share on other sites More sharing options...
Tiberius Posted September 17, 2015 Share Posted September 17, 2015 I already told you the President does not appoint members to FINRA. But is it a US corporation. I used that example to shoot down your point that if it's a regulatory body it's part of the government. I then brought up SIPC to show that a entity that has members appointed by the President can ALSO be a US corporation. https://en.wikipedia.org/wiki/Securities_Investor_Protection_Corporation The Securities Investor Protection Corporation (SIPC /ˈsɪpɨk/) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970[1] and mandates membership of most US-registered broker-dealers. "SIPC is led by seven directors, some appointed by the President of the United States And this has what to do with what the Fed Reserve is??? Link to comment Share on other sites More sharing options...
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