Obviously the current US financial system cannot continue forever .
The only question is "what will break first " ?
One thought put forward is that banks comprising the
Fed Reserve bank will rebel . Their grievance being "we cannot handle
these losses with no end in sight "
Think about that ! Banks quitting and leaving the Federal Reserve .
Can a Fed with less arms and legs still function , if so with how few ?
What effect would that spectacle have on confidence . I am not
saying it will happen that way but it is an interesting scenario to
ponder .
Quote:
"The Reserve Banks are not federal instrumentalities for purposes of the
FTCA [the Federal Tort Claims Act], but are independent, privately owned
and locally controlled corporations."
|
http://en.wikipedia.org/wiki/Federal_Reserve_Bank
An interest ending .
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