Birdwatch Note Rating
2023-03-16 09:24:25 UTC - NOT_HELPFUL
Rated by Participant: D7F8B16558CD404651D2B81E4E1311FC63535861750B48274E8E5B4F02B197F3
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
All Note Details