4 ms·
Is your goal to eliminate risk, or to mitigate it? If they had deposited that 3B in, say two banks rather than one, they'd have 1.5B in that other bank
by muzz 4y ago
Is your goal to eliminate risk, or to mitigate it?
If they had deposited that 3B in, say two banks rather than one, they'd have 1.5B in that other bank
- ZachPruckowski 4y agoThey actually had like $12B split across 5 or 6 banks. But yeah, they definitely could've split it better. "No more than $1B per bank" seems like an easy rule, and even maxing at $500M could be doable.