Birdwatch Note Rating
2023-03-15 18:39:20 UTC - SOMEWHAT_HELPFUL
Rated by Participant: E9C75B9E2E413CA96CD8A37DF8E3DBEE1865C9859064C529388189A80D7D8666
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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