Birdwatch Note Rating
2023-03-14 03:47:13 UTC - HELPFUL
Rated by Participant: 8C35617F92FF187338CE9B793901B2445F08748E8A14CDB617CD54173A110CC7
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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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