Birdwatch Note Rating
2023-03-14 02:00:59 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B7B4FB8AFE3F38DD26E4D590DD087FA7B4426F7B93D59F47883FA2706B6CB9AA
Participant Details
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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