the reserve

the federal reserve is not owned by the government of USA.
The federal reserve was enacted by an act of the Congress & reports to it, but is not owned by the government of USA.
It is an independent entity owned by members banks.
The member banks hold shares of the FED, making it an entity of the member bansk, as the FED themselves claim - no one in particular owns the FED.
The curious thing is are there any government banks in USA?.. as far as I know, they are all private. So if it is the private banks that are the member banks of the federal reserve & they hold control, the federal reserve would be pursuing private interests and not public.

the federal reserve states this tacitly as - "independent within the government"

The MOOT point is that the central bank of USA - the federal reserve is controlled by private bankers NOT by the government - which should immediately raise the question who interests does the FED serve.
Like any company or corporation, the firm serves the interests of the shareholders in this case the member banks which means private interests and not public interests.

In this light it makes sense why the fed is bailing out Fannie Mae and Feddie Mac, it is not public interests but private interests that are being insured.

Similarly across the continent; guess who owns the bank of England, ..yes private bankers again.
That makes 2 countries housing the financial capitals of the world - New York and London, both the venture of private banks.

This puts the private banker in a very powerful position, as the nations central banker, they have the right to print money too.

The connection between both these central bankers is that on account of the subprime crisis in US and UK, the respective central banks are being bailing out troubled banks. That puts land on which these bad mortguages stand written in favour of the central banker - directly or indirectly.

Could it be then that this sub prime crisis could have been actually manufactured, so as to lead to a subprime crisis leading to handing out property in the central bankers favour. The subprime that has affected UK and USA - could perhaps be the brain child of these very same private banks.

The 2 things you need in an economy: land and money, rest assured with these 2 you can own the world.

These member banks are trying to keep the wealth of the nations in just the hands of the few. That is in the hands of the private bankers themselves.
Being the richest banks is not enough, being the banks that control every industry on earth is what these private bankers are venturing to achieve...

In contrast the central bank of India is owned by the government.