Why would the Fed lie about it's private status?

Hint, a court case determined the true nature of the bank, yet the Fed lies here when it says it is not private: http://www.federalreserve.gov/generalinfo/faq/faqf rs.htm

Just because the Federal Reserve stock is not a for profit stock does not mean that the Federal Reserve bank cannot act according to the interests of central banks in general and in the interests of the owner banks, often at the disadvantage of the citizens.

For example, the Federal Reserve bank on purpose failed to regulate the shadow banks, which made most of the subprime loans. That is why a homeless guy got 4 mortgages no money down. While the CRA/ACORN issued about 20 percent of the subprime mortgages, the bulk of them were issued by unregulated banks. And the Fed looked the other way while the nation was pillaged by shoddy underwriting and the securitization of very bad loans.