uranian
5th April 2010, 07:19 AM
The best summary I can give is that officially, it's both privately and publically run, but the private interests have the decision making power. So let a guy from the Fed itself tell you about the situation:
http://www.youtube.com/watch?v=Vw9jXppiQEo
http://www.youtube.com/watch?v=Vw9jXppiQEo