Why can’t I borrow money directly from the Fed at say 0.5% for 30 years and cut out the middlemen, who add very little value.
You’re exactly right. Ever see if you can? I bet they have so many laws, rules and regulations paid for and passed by politicians you cannot.
The Fed doesn’t give 30 year loans. They also don’t loan at 0.5%.
Currently, the Fed is lending a whopping $10 million at the discount window.