Debtonation

"The US Banks were loaned money (indeed, most accepted it reluctantly), and the major banks have now repaid it and the US government made a profit".

Interesting. 'made a profit'? So... if it's possible for the private lenders to borrow from the treasury and then return more money later ( even during a recession ), why isn't the US government originating the credit supply at all times? Obviously, if there is a potential profit to be made from issuing credit to private lenders, the government should jealously guard its power to issue money, and use the profits to pay the costs of government.

Why are we allowing the Federal Reserve to occupy this privileged role? Clearly, if there is profit to be made from originating the credit supply, it is not being returned to the government by the Fed. The government is in a pit of red ink.