What's worse, since the Federal Reserve's 12 banks are privately owned by commercial banks, all Federal Reserve Law Enforcement Officers, who have the right to make arrests and use deadly force, work for private banks.
So thanks to Dubya, Wall Street has its own armed police force.
"There is also the obvious question as to why the expense, training and potential liability of armed police would be necessary when all of the Federal Reserve Banks are in cities with large municipal police forces." Yeah, that's a really good question.
By Pam Martens
September 17, 2012 | Wall Street On Parade
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