Yes, the Federal Reserve Banks are PRIVATE
From Washington's Blog
I’ve documented numerous times that the 12 Federal Reserve Banks are private.
For example, I noted last month:
"Given that the 12 Federal Reserve banks are private, the giant banks have a huge amount of influence on what the Fed does. Indeed, the money-center banks in New York control the New York Fed, the most powerful Fed bank. Indeed, Jamie Dimon – the head of JP Morgan Chase – is a Director of the New York Fed."
San Francisco Fed research analyst David Lang has just confirmed this once again:
[Question]: “I had a really quick question, the Federal Reserve Bank of San Francisco specifically, is that formed as a private corporation itself?”
David Lang: “Ah yes it is actually. yes our state chartered banks, banks under a charter share that and we pay a dividend on those shares.”
To read this article:
http://www.washingtonsblog.com/2011/11/federal-reserve-analyst-fed-banks...
The time has come to learn the names of the corporations and persons who own shares in the private banks which control "democracy".