Rick Harrison of Pawn Broker fame is wrong about the FED

Rick Harrison of Pawn Broker fame is wrong about the Federal Reserve System(FED).He said it was privately owned-it isn't.The FED is a Quasi-Public Corporation,which usually mean an entity that is government owned but operates as private corporation,but in the Fed's case it's owned by the government but it's suppose operate independent of the government,but that more theory then fact.
Also Mr.Harrison said it started because J.P. Morgan and bankers wanted and were responsible for the FED being created.Well somewhat misleading, yes Morgan had role in ultimately the FED being created but,in a way,it was done out fear of Morgan's power and to put stop to it.
The FED roots began in panic of 1907,which was initiated by the failure of the Knickerbocker Trust Company which try to corner the copper market.The Westinghouse Electric and Manufacturing Company went into receivership the next day,the Pittsburgh Stock Exchange suspended operations and a number of bank went broke.J.P Morgan prevented the closing of the New York Exchange and the failure of the Trust Company of America by means of a personal loan.This and other Morgan loan saved the day.But was nation grateful? No horrified that one man had such much power so was human cry for reform of banking system.The task fall a pond,a very powerful Senator Nelson Aldrich(from Rhode Island and the grandfather of Nelson Rockefeller)who with other wrote out plan similar to the FED.The plan lay dormant for few years and with election of the progressive Woodrow Wilson,it seem unlikely to go anyplace,however Wilson's biggest donor Bernard Baruch was favor of the FED.So in 1913 Congress passed Owen-Glass Federal Reserve Act,which in color was different then Aldrich but in reality the tone was the same.Senator Owen from Oklahoma was very much a populist,knew for hatred of big banks yet the FED was very similar to the Aldrich plan which critics claim gave the big banks control of financial system.