[wholesomepotato]

Exxon is a private company so some basic level of competency can be assumed. The Fed is basically bunch of incompetent academic buffoons.

[cced]

I thought the Fed was private.

[wholesomepotato]

What products/services they produce if they're private?

They're in this sweet spot where they're neither held accountable by the voter, nor by the consumer.

The can be wrong over and over and over again and nothing is going to happen. A private company has to at least not loose more money then they can bribe politicians to give them.

[cced]

Private/public doesn’t have anything to do with selling a product, but with who owns the institution.

> neither held accountable by the voter, nor by the consumer

Don’t know if you meant to do this but you’re implying that voter!=consumer. Citizens united strikes again!

> A private company has to at least not loose more money then they can bribe politicians

1 dollar 1 vote!