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I didn't say there were good options for people wanting to deposit more than 250K. But people claiming that those who wound up in this situation couldn't possib
by jghn 4y ago
I didn't say there were good options for people wanting to deposit more than 250K. But people claiming that those who wound up in this situation couldn't possibly have foreseen the problems are mistaken. There's a reason why I don't put all of my money in a single bank account, why can't these companies do the same?
But really, this is obscuring the point. The people screaming "bailout" aren't the unfortunate people who work for a company who uses Rippling. No it's the person who normally yells "free market!".
- notch898a 4y ago100% agree with you. Sweep accounts or possibly some form of private insurance?