The Fed and Treasury have encroached on each other's mandates since at least 2009, but that doesn't indicate a "merger".
A merger entails some blending of ownership, not roles and responsibilities, and the Fed ownership stock cannot be transferred. It is still held by the same private banks and will be until the Fed is abolished.
I work in that world. The interpretation in that article is not accurate.
So, would you mind sharing what the right interpretation is?
The Fed and Treasury have encroached on each other's mandates since at least 2009, but that doesn't indicate a "merger".
A merger entails some blending of ownership, not roles and responsibilities, and the Fed ownership stock cannot be transferred. It is still held by the same private banks and will be until the Fed is abolished.
Thanks! The private banks do own the Fed. One might wonder why Obama didn't let them go bankrupt ... for new, patriot banks to emerge.
Either way. It's a shame Trump could not end the Fed.