PR-Where did I contradict what he said. I just said it in a slightly different way. With a little of my own knowledge sprinkled in. Like I said it is legally a “federal instrumentality”, and legally structured in a way that government can’t interfere. He did not discuss the legal logistics, though he did acknowledge. It is quite different from say the EPA, or DOD or any other traditional government agencies.
It is a private corporation legally and private non-governmental banks own shares that are not offered to the public.
He said: it’s an arm of government. It is cloistered in what I regard as an illegitimate way, literally protected from political accountability by the way it was set up.
And it is a fact that it will not allow congress to looks at it’s books.
