Why The Fed Owns A Mall In Oklahoma City : NPR
It includes a Chick-Fil-A and an AMC Theatre. Absolutely unreal.
It includes a Chick-Fil-A and an AMC Theatre. Absolutely unreal.
Federal Reserve owns a mall in Oklahoma City
- Thread starter papajohn56
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LoL, if I were a conspiracy theorist, I'd say it would be a staging ground to test subliminal propaganda in AMC, and the effects of various food-borne pathogens. (or to see how well their propaganda works on sending people to chik-fil-a *shrug*)
It doesn't surprise me though, when it came to the AIG bailout, a lot of people failed to notice that the government didn't go empty handed, they got a controlling asset of the company via the loan. Ergo they technically own the banks. So I guess when someone looks at the results of the 'bailout' as being akin to socialism, they're not far off.
Well technically they do... you still gota pay property tax on even private land.
Unreal? What do you think happens when the Fed bails companies out by acquiring toxic loan assets?
I have no clue what they basically "paid" for the mall, but the mall has cash flow from its tenants, and they're obviously trying to sell the property to recoup their investment in the loan (and hell, maybe even make a profit on it). They're not trying to hang on to the mall and get in to the business of taking over our country's malls...
The owner of the mall got foreclosed, and since the feds owned that asset they naturally ended up owning the mall after the foreclosure. But the good news is, most foreclosed properties go cheap.
nope, the fed reserve isn't federal at all, only the name (in other words, it is not a public institution).
It was a joke primarily because I knew they weren't, just like how the IRS isn't. But good catch on your part.
Guess I won't be going to that raggedy ass mall anymore. I've been to it countless times, its been going downhill for a long time. Rumor was that it was going to be closed, not foreclosed and taken over by the feds :disgust:
Not exactly so, as in 100 years the Central Bank of China will own the Federal Reserve.
I think the Federal Reserve is probably more akin to the Postal Service (USPS) than the IRS.. and we know how efficiently the post office runs