I am just curious if the Fed's Primary Dealers make a profit (which I assume they do). If we are certain that they do, are there numbers available that explain exactly how much they make from this exclusivity?
Obviously the Primary Dealers would be the first to beneft from newly created money, and their employees would be immune to the effects of inflation, especially if their salaries were keeping up with it.
If just anyone could be a "Primary" dealer then I would agree with you. But this is a very exclusive club, so I am betting that these folks make billions.
Nobody knows where to find information on the amount of money Primary Dealers make from the Fed?