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The Fed: Now the World's Largest Private Bank

The conundrum is, the Fed is supposed to be the entity whose mandate is to regulate the banks and ensure the safety and efficiency of the payment system. It is also run in hybrid form by the government and the main private banks. And it is a private bank itself too.
The easy way to bail itself out is to print money. How intelligently is it doing it? Time to re-read some history books. The big difference with the past are the computing and communications technologies available.