Reply #27: It's in that 'gray' area [View All]

[customerserviceguy]

Like the Postal Service or Fannie Mae/Freddie Mac. It has aspects of both a private business, and of a government agency. I can see people calling it one thing or the other, it's all a matter of what attributes you look at.

But in the case of the Postal Service, we have private delivery services that compete on a limited basis, and with Fannie/Freddie, we have independent banking organizations that fund home loans. Does any other entity operate in any sort of competitive business in the same things the Federal Reserve has reserved to it? That makes it look more like a part of the government, to me.