Banks can borrow from the Fed but at current rates. Problem is that banks are in the business of borrowing at lower rates than they lend. But borrowing from t

Banks can borrow from the Fed but at current rates. Problem is that banks are in the business of borrowing at lower rates than they lend. But borrowing from the Fed is at like 5% now whereas most bank books average a return lower than that. They can access cash but at a cost that is the opposite of how a bank’s business should run