Birdwatch Note Rating
2023-03-16 05:05:28 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3D86537172D85C76B3B195A71F20834FE2ED65900C6B30CB33EB40D015407D2E
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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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