Birdwatch Note Rating
2023-03-14 06:23:17 UTC - HELPFUL
Rated by Participant: 39DE11B1C507C368354E3EEB2E8949E9B0FB6979B41715B39881BACE431A7122
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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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