Birdwatch Note Rating
2023-03-14 01:58:01 UTC - SOMEWHAT_HELPFUL
Rated by Participant: F9C81045EEB52DA14526E5476ED03D7E98BA35B1A88FC1BEF9745C002EA8B37E
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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