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Is the Federal Reserve Liable for Your Losses?
By Joe Dorish
The first paragraph of the The Federal Reserve Act, which created the Federal Reserve, is as follows, "Provided for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes." If the Federal Reserve does not follow what the Federal Reserve Act says, does that make the Federal Reserve liable for the consequences of not following the Act? http://www.bizcovering.com/Investing/Is-the-Federal-Reserve-Liable-for-Your-Losses.471165 |
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