David Sirota on Nostr: Banks are paying depositors an avg of 0.4% interest. Banks then get paid 5% interest ...
Banks are paying depositors an avg of 0.4% interest.
Banks then get paid 5% interest when they take savers’ cash & park it at the Fed.
The gap is the largest in history, making “net interest income” the Great Bank Robbery of 2023: https://levernews.com/the-great-bank-robbery/
The latest example 👇
Banks then get paid 5% interest when they take savers’ cash & park it at the Fed.
The gap is the largest in history, making “net interest income” the Great Bank Robbery of 2023: https://levernews.com/the-great-bank-robbery/
The latest example 👇