Birdwatch Note Rating
2023-03-15 18:39:20 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2477832F27CB31432F042D7FA481086D7A5808F154558FFBB4A24E575F7A3AA7
Participant Details
Original Note:
The fundamental theory of savings accounts & banking actually is “borrow short & lend long.” The only error was not adjusting their holdings by laddering up. https://seekingalpha.com/article/3528936-banks-borrowing-short-and-lending-long https://www.quora.com/How-do-banks-earn-profit-by-borrowing-short-and-lending-long
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