Last summer, a convinced thousands of America that the government had created a “secret” bank account for them that could be tapped to pay bills. Would-be customers used Federal Reserve routing numbers over 100,000 times, attempting to execute transactions. “The Federal Reserve p...
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Credible2
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18 reviews
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Credible
June 19, 2018
Seems just crazy enough to work if you ask me. I rather like the idea of threatening large banks with some of their own medicine.
June 19, 2018
Credible
June 19, 2018
The article presents an interesting idea of having individuals be able to create bank accounts with the Federal Reserve. The article outlines why this could be in the best interest of consumers, but admittedly my knee-jerk reaction was to cringe at the thought of giving the Federal Reserve even more direct control over our nation's finances.
June 19, 2018