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A US deposit account is a credit product, and cannot be made otherwise without breaking it.

Drawn from what Patrick McKenzie said

SubjectAmerica
Interesting
A private bookmark. Not a position, and never counted.

What Patrick McKenzie actually said

Word for word, with the source under each one. They did not write this page.

  1. Patrick McKenzie

    Software engineer and writer, known online as patio11

    For one thing, typical deposit accounts in the U.S. are actually credit products. It's baked in and can't be baked out without making them unfit for purpose.

    Where this was said

    ↗Debanking (and Debunking?)bitsaboutmoney.com

    All 5 korrents from this piecethis one is 3rd

Added to korrents 9 Dec 2024 · How quotes work · Something wrong? Tell us

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