I do not mean to imply that any of these things are in violation of any law. Some of them are simply the unfortunate result of goofy thinking and feckless management.
1) All banks in the Federal Reserve System create money out of thin air when they make a loan. That creation of money is a wonderful thing when managed properly -- see (1a) following -- but devastating to the economy when mismanaged.
1a) -- In an April 14, 2009 speech at Georgetown University, President Obama said, " ... the truth is that a dollar of capital in a bank can actually result in eight or ten dollars of loans to families and businesses, a multiplier effect that can ultimately lead to a faster pace of economic growth."
2) Almost all banks are in the Federal Reserve System. The Federal Reserve is basically in complete, but ineffective, control of the banking system.
3) The Federal Reserve System (Fed) is a Private Corporation -- or more accurately, a group of interlocking privately owned corporations. They are not part of our government. Congress and the President can advise the Fed, but neither can make the the Fed do anything. The Fed is legally obligated to do only what its Board Of Directors wants it to do.
5) The United States Government pays Billions of dollars of interest on those loans every year to the Fed on that borrowed money (see #4 above).
6) The U.S. Government spent about $400 Billion dollars in interest in 2008. That is a little over $1,000 for every man, woman and child in the United States. Not all of that money went to the Fed -- but estimates are that well over $100 Billion / year is currently going to the Fed.
8) Exercise your brain and decide for yourself -- "Are we being lied to?" See link at "primer on money dot com"
9) Almost all banks are corporations and corporate management must, by law, run the corporation for the benefit of the stockholders, unless other goals are clearly spelled out in the corporation's by-laws and articles of incorporation. That means all banks have no real obligation to serve the U.S. Government and the people of the U.S.
10) Local city, county and municipal governments can open banks and use the profits from those banks for the good of their local community. It is astounding that there is not one community in the United States taking advantage of this opportunity. See this report. See # 12 below.
11) Under Section 8 of the Constitution of the United States / Powers of Congress / Congress has the power to "coin Money (and) regulate the Value thereof... ". That power has been outsourced to the privately owned (see #3 above) Federal Reserve System who are outside (A) the checks and balances mandated by the Constitution and also outside (B) the reach and control of the voting public.
12) The Bank of North Dakota is, as far as we know, the only bank in the United States that is owned by one of the fifty states. << http://www.newrules.org/banking/rules/bank-north-dakota >>. It has been in business for over 90 years. In 2008, North Dakota was one of only three States that were solvent -- meaning they took in more money than they spent. It is almost inconceivable that the Governor and Treasurer of every other State has not followed North Dakota's lead in all that time.