Hacker News new | ask | show | jobs
by dragonwriter 1592 days ago
> the postal service is a fully public agency, the fed is partially governed by private banks.

The Fed is fully governed by a federal agency. (The Fed Board of Governors).

The individual regional Fed banks are private-public hybrids, but they don't govern the system.

1 comments

Nonetheless, given that the individual regional banks are have directors that are elected by the member banks, control over certain levels of fed policy are in a sense private, whereas that is nowhere true for the postal service. At least not to my knowledge.