Everyone keeps blaming the free stimmy money given to plebs as the cause for the banking problems. How? Because banks “had” to do something with the money and there was nothing short term they could buy with decent interest.

I call bullshit. Is there really a cost to hold reserves? Or 1 week treasuries? If so, maybe customers should pay for that safety.

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Once upon a Time, people did pay fees to keep their money in the bank. That was part of convenience of having someone else protect your gold, was paying them a fee