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The official account of the U.S. Government published this (lemmy.world)
submitted 4 weeks ago* (last edited 4 weeks ago) by Wuli1@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] wookiepedia@lemmy.world 1 points 4 weeks ago

You do realize that any profits beyond operating costs at the Federal Reserve Bank are given, in full, back to the US Treasury, right?

I don't disagree about the private banks, though. Volume makes profit.

[-] Mulligrubs@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago)

You're not counting the layers and layers and layers of interest collected by the banks as money changes hands.

You do realize they don't do ANYTHING for free, don't you? Or for "operating costs" alone for that matter. Naive!

this post was submitted on 06 Jan 2026
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