Shouldn't the name of the "Federal Reserve Bank" be changed to the "Fraudulent Reverse Bunk"?

Question

Since the "Federal Reserve Bank" is not federal, has no reserves and isn't a bank, isn't it a fraud?

Answer 1

first ask around and see if anyone has a dollar bill from boston or Cleavland?

Answer 2

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system[1] composed of (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal.

The real question, who are the individuals holding the status of "Quassi-Public? Imagine the interest generated into their own pockets? Frankly it can be titled as you put: "Fraudulent Reverse Bunk".  

Answer 3

yep ! so what are you going to do about it.........