[central_va]

Why can’t I borrow money directly from the Fed at 0% like banks get to do? What’s the point of the middle man charging 4% on a 30 year note? That is a lot of money to process paper work.

[Toddsterpatriot]

Why can’t I borrow money directly from the Fed at 0% like banks get to do?

Banks can't borrow at 0%.

What’s the point of the middle man charging 4% on a 30 year note?

Do you understand the difference between an overnight loan and a 30 year loan?

[mac_truck]

Why can’t I borrow money directly from the Fed at 0% like banks get to do?

That's a great question, especially considering the double digit rates the same banks charge for balances on consumer credit cards.