"wall street" does NOT OWN the "Federal Reserve Bank"
There are twelve Federal Reserve Banks, each owned by Member Banks it it's district.
The New York Federal Reserve Bank differs from all others because it
execrates the direction of the Federal Reserve Open Market Committee (FOMC).
Check out "about the Fed" in this link:
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
All this is quite important to us as shareholders of TSLA in large part because clear understanding of the factual processes, especially of the FOMC, help to optimize instant of that nearly $30 billion cash.
It's even more important to stop the political debates and concentrate on facts. In the case of the FED, for the most part they have, since their inception done a generally excellent job of managing the money supply while trying vinyl to avoid political morass. That nearly every President has complained about them probably shows how well they actually have done. Even the makeup of the Board of Governors does tend to minimize immediate political control.
Only Franklin Roosevelt was President long enough to bring about major alterations, and he, oddly enough, was fairly restrained. Possibly he might have been distracted by a war(s)?/s
So ,please! Rail about the SEC, the DTC, the Madoff Rule and exchanges, especially Market Makers or even custodians. Just don't think about equating the Federal Reserve System with the rampant corrupt motives behind the US securities world. They are entirely different worlds.
That said, post 2008 things did change, from GM becoming Government Motors to mass abandonment of the vestiges of Glass Stegall and McFadden Acts (except for the Federal Reserve Banks part) that merged most major brokerage firms with banks and converted most of the remaining ones into Bank Holding Companies.
All of this is very relevant to Tesla because the consequences began just as Tesla was entering the world fo mass production. Because of earlier Musk foray into financial services with X.com and successors, regulation, specifically the San Francisco Federal Reserve Bank, was something he knew well and understood, although he rarely even talked about that.
The conservatism of Tesla finances dates back to those events and the continuing challenges for both SpaceX and Tesla. Those of who argue for more aggressive risk-taking are ones who never knew the acute existential threats of both 2008 and the succeeding crises.
Now we're facing different issues, but the risks remain.
