asahi on Nostr: From a depositor perspective, banks are basically highly-leveraged bond funds with ...
From a depositor perspective, banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.
Great quote from Lynn Alden.
Article here.
https://www.lynalden.com/march-2023-newsletter/Published at
2023-03-14 13:48:17Event JSON
{
"id": "ba01546fcee187310a07301b4e842138506287672adb5144971ffc9254c1ef58",
"pubkey": "38c1face36ad0a02afc3511dfff184a90548d687465ccfb1cbcf515f8cc86069",
"created_at": 1678801697,
"kind": 1,
"tags": [],
"content": "From a depositor perspective, banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.\n\nGreat quote from Lynn Alden.\n\nArticle here. \n\nhttps://www.lynalden.com/march-2023-newsletter/",
"sig": "1ce06994959487e1ff38aa3bce9d2adbd743c0937bc4402439aee1f6250ee74bc4e8a5d0fd64bbf862da01c381bee50ef5cdbda0cdc055b75036b6d3cc6e3f2d"
}
