tag:blogger.com,1999:blog-2555123713188257297.post1120599713145546374..comments2023-12-14T21:55:11.213-05:00Comments on Mitchell Langbert's Blog: Federal Reserve on IceMitchell Langberthttp://www.blogger.com/profile/00722335216553899790noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2555123713188257297.post-4696187388396914852010-12-25T12:11:54.311-05:002010-12-25T12:11:54.311-05:00Without my doing further reading on this I can onl...Without my doing further reading on this I can only give you my best guess. The stock is probably like the stock in a housing co-op. Its sale is either prohibited or subject to numerous restrictions. Incidentally, Fed issues are not my specialty academically. I am just interested as a citizen, just like you. Some good books to read on this are by Murray Rothbard: the Mystery of Banking and What Has Government Done to Our Money.Mitchell Langberthttps://www.blogger.com/profile/00722335216553899790noreply@blogger.comtag:blogger.com,1999:blog-2555123713188257297.post-63488191777642124882010-12-25T12:02:11.224-05:002010-12-25T12:02:11.224-05:00Dr. Langbert:
I am ignorant and can you please ex...Dr. Langbert:<br /><br />I am ignorant and can you please explain:<br /><br />The Federal Reserve Bank, the regulator of the banking system, is a private concern that the banks own. <br /><br />Does this mean that the "banks" hold stock in the Federal Reserve Bank that they can trade and use as collateral?Anonymousnoreply@blogger.com