Liberal Forum

...charles like to pat himself on the back and pretend how smart he is, but the pathetic republican ******* apparently still believes [as do many many goddamned republicrat fools] that the money banks lend comes from deposits... ...i used to believe that myth too when i was a stoooopid **** repub...

you know its really easy to find random BS on the internet right? I never heard of this guy. But I do know that conspiracy theories based on misunderstanding how banks operate are very, very common. Seems like they make random crap up a lot to distract people from real conspiracy theories....

so they made about 2.5 billion total in profits in 2015. 113 billion gross, 97.7 paid in taxes, 3.9 billion operating costs, and random crap for the remaining expenses...

...never mind the republican-radio-leveler charles thompson, cannon!...i can already see he doesn't understand the difference between 'the fed' per se [merely the inital step/mechanism in a convoluted money creation process designed to confuse stoooopid **** republicans like apparently poor charles]...

https://www.federalreserve.gov/newseven ... 60111a.htm...

Yeah, gosh - it's mostly public, the privately owned, closely (and secretly) held company. It's MOSTLY public, PARTLY private, SORT of legal, and really, really easy to make **** up about....

I've never heard of a business that could be taxed at 96% and be worth bothering with. But I guess if your business is **** currency, it could work - especially if the 96% tax on your profits was something some guy on the internet was merely mouth ****....

frankly, it is mostly government. The house determines the salary. The pres appoints chair, and the profits are massively taxed...

I don't think you know how it works, either. The federal reserve does make a profit because it loans its 'federal reserve notes' to banks, so banks pay the federal reserve. the US then taxes its profits at close to 100%...

Which is sort of private....