Elon Musk
@elonmusk
Replying to @BillyM2k
A major driver of depositor flight is people moving money from low interest savings accounts to high interest money market (Treasury Bill) accounts.
This foolish rate hike will worsen depositor flight.
06:53 PM · March 22, 2023 · 1.3M views
2.2K
1.8K
12.7K