Birdwatch Note Rating
2023-03-14 18:13:55 UTC - HELPFUL
Rated by Participant: 3233A2C817F118E12D4E4AA35A273F9F1A485FD29CA6BCA1375E2D28AFAEFCB1
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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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