TIME Anoints Bernanke-
Time Magazine just named him person of the year. Bernanke joins previous illustrious winners, such as Adolf Hitler, Joseph Stalin twice, Yassar Arafat, and Richard Nixon twice.
The Federal Reserve's Ongoing Legacy-
The Fed was funded by the big U.S. banks originally, who still hold stock in it and have seats on its regional boards of directors. These banks receive yearly dividend payments from the Fed for their investments. If the Fed is making money, the big banks will be the beneficiary, not the American public.
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