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Originally Posted by dyna mo
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how is that did you read it.
Each of the twelve Federal Reserve Banks is organized as a corporation in much the same way as many other firms. According to Kah, foreigners own a controlling interest in the shares of the New York Fed. He claimed that ?Swiss and Saudi Arabian contacts? identified the top eight shareholders as
Rothschild Banks of London and Berlin
Lazard Brothers Banks of Paris
Israel Moses Seif Banks of Italy
Warburg Bank of Hamburg and Amsterdam
Lehman Brothers of New York
Kuhn, Loeb Bank of New York
Chase Manhatten Bank, and
Goldman, Sachs of New York (Kah, p. 13).
He also described these groups as the bank?s ?Class A shareholders? (p. 14). This is curious because Federal Reserve stock is not classified in this manner. It can be either ?member stock? or ?public stock,? but there are no such things as ?Class A? shares. However, the directors of a Federal Reserve Bank are separated into classes A, B, and C depending on how they are appointed (12 USCA §302). This may have been the source of Kah?s confusion.
Eustace Mullins compiled a very different list. He reported that the top 8 stockholders of the New York Fed were
Citibank
Chase Manhatten Bank
Morgan Guaranty Trust
Chemical Bank
Manufacturers Hanover Trust
Bankers Trust Company
National Bank of North America, and
Bank of New York.