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The people buying the T-Bills are well above the $100k FDIC limit dude, it is an utter triviality to spread your money in cash-equivalent 100k increment accoun
by quasimojo 18y ago
The people buying the T-Bills are well above the $100k FDIC limit
dude, it is an utter triviality to spread your money in cash-equivalent 100k increment accounts, brokerages do this all the time. no one takes a loss on treasuries because they have $100k + n in their account. the eight people who upmodded you have simply never had to perform this trivial transaction
- micks56 18y agoYes, it would be trivial for me to spread a few hundred thousand around a few banks so that I could be within the FDIC limit. What is not trivial is a brokerage spreading around $50MM across 500+ banks. What I was trying to explain is that the people buying the T-Bills aren't individuals looking to put their money some place safe. These are large institutional investors looking to park millions (hundreds of millions?) of dollars in a safe place till they can figure out what to do.