BYOB Book Review Part 5 | Creating a Bank in Becoming Your Own Banker by Nelson Nash
The Wealth Without Wall Street Podcast
The Importance of Liquidity in Business
People who have deposits on the, at a bank, they automatically get those deposits exchange for shares of the bank. That also means you got to create liquidity. We tend to leave large amounts of cash on the positive banks because we're so busy. Well, what happens if we did have a failure in the banking system? The FDIC couldn't bell it out. Then we now own bank stock. Congratulations. This is terrible.
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