3 ms·
Except the main job of a bank is (was) to deposit my money and give it back to me when I want it back. I’m not providing “liquidity” - I am depositing my money.
by steve1977 4y ago
Except the main job of a bank is (was) to deposit my money and give it back to me when I want it back. I’m not providing “liquidity” - I am depositing my money.
(I know of course that’s not what banks are primarily do today - which is probably one of the root causes of all these problems)