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Jill On Money
The Compound and Friends
The Risks of Uninsured Deposits
The deposits at the bank, those are not assets. They're liabilities. The uninsured depository base knows we're not covered by FDIC insurance. That's why that's a very scary type of liability to have. And so it just never saw it coming. So do we expect companies to have 4,700 different banks? Are they bank with them? No. Maybe these companies should have better cash management.
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