You put your money in a savings account & get paid on average 0.37% interest, according to FDIC data.
The bank can then put your cash at the Fed & get paid 4% interest.
Bank lobbyists have blocked the bill to let you cut out the middle man & put your cash at the Fed.
This is called "capitalism."
levernews.com
The Financial System Can’t Afford To Treat You Fairly
One of Wall Street’s biggest firms just acknowledged that giving you a better deal could destabilize American banking.
