Birdwatch Note Rating
2023-03-14 12:01:31 UTC - HELPFUL
Rated by Participant: 25BD17E757358BE19B3B09735A245F6171895FD5E38601E2ED519B620E81C26D
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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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