It really makes no sense. The bank's "cash" is really just database entries with...

		ericpauley on April 6, 2023 \| parent \| context \| favorite \| on: Deposit insurance maximization as a service It really makes no sense. The bank's "cash" is really just database entries with the Fed anyway, why not loan the money to the Fed overnight (reverse repo) at 5%? The reason GP's dream doesn't exist is because MMs do effectively the same thing and pay you.