Judd Legum

@JuddLegum ↗

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Last Checked Oct. 6, 2022

Created

Thu Sep 22 16:14:56 +0000 2022

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Judd Legum @JuddLegum

Kind of nuts that we’ve all accepted a system where we turn over all our money to large financial institutions who then lend it out at 6% or 10% or 20% and in return we get… virtually nothing — PolitiTweet.org

Posted Sept. 22, 2022

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Judd Legum @JuddLegum

Funny how interest rates are going up and banks are dramatically increasing rates for mortgages and other consumer loans but banks continue to pay virtually no interest on money in savings or checking accounts — PolitiTweet.org

Posted Sept. 22, 2022

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Judd Legum @JuddLegum

Nor do banks really seem eager to compete with each other on interest rates, except at the margins. They’ve all “independently” decided to offer close to zero on consumer deposits — PolitiTweet.org

Posted Sept. 22, 2022