The Narrow Bank was a startup who's entire idea was to only offer savings accounts that paid interest very close to secure overnight financing rate (SOFR) as it could safely let other banks borrow its money overnight and make money on the spread.This would allow customers of this bank to get an interest rate of 3.75% today as the SOFR rate is around 4% now.Compare this to bank savings accounts that only offer 0.01% interest.Anyway the fed shut down this bank and didn't let them open up this bank in the fears that people would pull their savings accounts out of big banks.Anyone think this is a load of shit and the narrow bank should be allowed to be open today.
The Narrow Bank (TNB) was a startup proposing a narrow banking model that would hold only safe, liquid assets like government bonds against customer deposits and avoid traditional lending. In December 2025, N3XT Inc launched the first narrow bank in the U.S. after receiving a Special Purpose Depository Institution charter from Wyoming, following earlier efforts by TNB that faced regulatory denial.
>>543656975Atleast they didn't threaten the petrodollar.Got off easy i say.
>>543656975should be illegal to plebbit space your posts.also, HYSAs exist.but investing into VTI inside of a ROTH IRA is much more lucrative.
Did you know the main driver of economic growth is having lots of small to medium sized lenders who lend to all the small to medium size businesses.That's why england has 5 banks......
>>543656975>did I know the USA is a corrupt Soddom and Gomorrah style hellhole long since ruled by jews and perverted in every wayWhy yes anon I did glean that.
>>543656975Mmm I love to eat FRANKS RED HOT chicky wings when I save up enough Good Boy Points from mommy.
>>543656975Capitalism for me not for thee
Decent thread lost in a sea of Fedslop
>>543656975Why are white goys like this?
>>543656975>the fed shut down this bankWhat was their "official" (fake) reason?
