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by KuhlMensch
1809 days ago
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I'm quite niave in the ways and make up of financial instituations. But from what I can tell - many of the US regulatory bodies seems to be private (but not ostensibly for profit) companies. Infact the US Federal Reserve is not a government entity - its a private (and public somehow). https://www.stlouisfed.org/in-plain-english/who-owns-the-fed... This contrasts (as far as I can tell) with Australia, where the central bank is 100% state-owned. |
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