Simkinn1 t1_je8hh8d wrote on March 30, 2023 at 4:23 AM

This is some hastily ductaped together dd if I’ve ever seen any.

517UATION t1_je8n1id wrote on March 30, 2023 at 5:23 AM

It’s ChatGPDD

Simkinn1 t1_je9muu5 wrote on March 30, 2023 at 12:49 PM

Best comment.

robbinhood69 t1_je8io0x wrote on March 30, 2023 at 4:35 AM

Yah it doesnt rly make sense, u cant attract deposits by loaning money out

Altho i agree with OP’s general assessment that most of these banks r basically bankrupt, FED and GSIB’s just duct taped everything together to kick the can down the road but everyones got a gun to each others head and knows where the toxic assets r

To Fair Market Value (FMV) = 0 we go

megaultraman OP t1_je8qnnn wrote on March 30, 2023 at 6:07 AM

You attract deposits by offering higher interest rates on savings/deposit accounts. Since banks are able to borrow from the Fed at 5%, if they lend that same money out at 10%+, they can offer rates that are competitive with money markets.