Who owns the Fed?
http://www.federalreserve.gov/faqs/about_14986.htm
Can the Fed finance the U.S. government debt?
http://research.stlouisfed.org/publications/es/10/ES1014.pdf
Look at the first footnote: "The Fed is forbidden by law to purchase government securities directly from
the government. The government first sells securities to the private sector and
the Fed then purchases securities from the private sector, specifically, government
securities dealers."
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