Excerps from the link at the bottom of geosities:
According to the N.Y. Fed itself, as of June 30, 1997 the top eight shareholders were
Chase Manhatten Bank
Citibank
Morgan Guaranty Trust Company
Fleet Bank
Bankers Trust
Bank of New York
Marine Midland Bank
Summit Bank.
Global Domination Through the Back Door?
Although foreigners do not own the New York Federal Reserve Bank directly, perhaps, Mullins argues, they own and control it indirectly via ownership of domestic banks. He claims that since the money-center banks of New York own the largest portion of stock in the New York Fed, they hand-pick its board of directors and president. This would give them, and hence the London Connection, control over Fed operations and U.S. monetary policy.
Who Gets the Fed's Profits?
Gary Kah and Thomas Schauf (1992) also maintain that the huge profits of the Federal Reserve System are diverted to its foreign owners through the dividends paid to its stockholders. Kah reports "Each year billions of dollars are ?'earned' by Class A stockholders of the Federal Reserve" (Kah, p. 20). Schauf further laments by asking, "When are the profits of the Fed going to start flowing into the Treasury so that average Americans are no longer burdened with excessive, unnecessary taxes?"
http://www.geocities.com/CapitolHill/Senate/3616/flaherty5.html
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This guy is supposed to be debunking a myth. He is not very good at it. And didn't the Saudis and other foreign banks just bail out Citibank.
If people from foreign countries hold enough stock in the Federal Reserve can't they influence aid to there own country from America and we in turn borrow the money from them through another bank. Making it possible for them to finance their own country or agenda and also collect interest on that loan from America?
), though I wish it was.
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