Forum Post: Can 99 percent should file class action lawsuit for the Fed's 82 Billion in profits then go after Wall Street for their role in double and triple insuring failed mortgages
Posted 12 years ago on Oct. 9, 2011, 6:24 p.m. EST by FedWallFedWell
(59)
This content is user submitted and not an official statement
The Federal Reserve made a 6% profit on member banks' capital investment and In 2010, the Federal Reserve made a profit of $82 billion. The Federal Reserve must return its profit to the people.
True, it's quite possible for banks to return their profit to the people, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management Group of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves. Consequently, I have posted the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to support a Presidential Candidate Committee at AmericansElect.org in support of the above bank-focused platform.
I would rather just get corporate money and influence out of government forever. This can be achieved if the People rise up and demand it.
https://sites.google.com/site/the99percentdeclaration/
How about the Tarp money that was paid back supposedly, give that back to the people
According to sources the U.S. Government receives all of the Federal Reserve system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2010, the Federal Reserve made a profit of $82 billion and transferred $79 billion to the U.S. Treasury. The Federal Reserve should return all of its $82 billion dollars in profit to the people.
I don't know but I LIKE the sound of it! Hope so! We should if we can!