I have seen this argument countless times but the BEP just gives money to the Fed. It's pathetic. From Wikipedia:
> The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is paper currency for the Federal Reserve.[1]
None of the banks talked about in this article can make money. Only the Federal Reserve Banks can. Equating one of the non-profit, tax-exempt Federal Reserve banks which are controlled by the Federal Government, but "owned" by member banks with a consumer finance bank is ridiculous.
Heck this article is talking about subsidized bank borrowing costs. The Federal Reserve Banks have zero borrowing costs!
> The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is paper currency for the Federal Reserve.[1]
[1] http://en.wikipedia.org/wiki/Bureau_of_Engraving_and_Printin...