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Do they? I won't claim to know a lot about Ripple but I thought most banks were private institutions. Considering how government works with lobbyists and everything I'd assume that banks control the government, not the other way around. Even our "Federal Reserve" isn't controlled by the federal government.

Yes, they kind of control each other and cooperate with each other, but govs can def. crush any bank that steps out of line, and they play softball with them when it comes to legal matters because they do so much of the dirty work. Mutually beneficial relationship as I see it, they help run the empire and get a lot of perks in return.