When the Fed buys Treasuries from a Primary Dealer, they pay cash. How can you claim they're charging a preferential rate? Only someone who is too stupid to know the difference between a purchase and a loan would say that.
I guess the spectators now see that you are a moron. So whine some more, you're better at that then discussing Fed policy.
You are the one who is confusing treasury purchases, repos, and federal funds transactions and throwing up a cloud of dust.
Well if that is the case that is the case. You still have yet to say something intelligent to enlighten the rest of the folks here on the present predicament, except to deny there is any problem whatsoever. I wonder if Rubin agrees with your assessment from his lofty perch.