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0 pointsjsprogrammer10y ago0 comments

>The Fed pays its profits to the US government.

After paying a dividend to its stockholders (commercial banks).

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fanzhang10y ago· 1 in thread

The dividend to stockholders are less than 10x what they give back to the Federal Government.

What was "given back" was mostly proceeds from maturing Federal bonds. Commercial banks are just first in line to get a special cut, by law.

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