Good read. I know that because it's confusing... I'm curious how banks like Amex... | Hacker News

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readthenotes1 on March 28, 2023 | parent | context | favorite | on: For the first time, the Fed is losing money

Good read. I know that because it's confusing...

I'm curious how banks like Amex and such provide interest comparable to the Fed rate. Less profit, or higher risk?

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