asahi 2 years ago 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. Lyn AldenMarch 2023 Newsletter: A Look at Bank SolvencyMarch 13, 2023 Latest Article: How the Fed “Went Broke” (an analysis of the Fed’s switchover from operating at a profit to operating at a lo...