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It is standard practice for many businesses. Managing cash is a tedious reality that most have not had to face thanks to zero interest-rate policy.
by mcculley 4y ago
It is standard practice for many businesses. Managing cash is a tedious reality that most have not had to face thanks to zero interest-rate policy.
- dehrmann 4y agoWhat if there were companies that would manage cash for you? In all seriousness, you don't want small and mid-sized companies having to think about managing their cash. They have better things to be doing.
- mcculley 4y agoWhat I want is irrelevant. Yes, there are companies (banks) and instruments that I use to help manage cash. I know that every time I have too much cash in one bank account, I am at risk. It appears some companies are learning this only now. I managed cash flow of my business through 2008. I worked through the recessions in the 90s and 2000s. When I was young, I worked for an employer who had seen banks fail in the Great Depression. He taught me not to trust a single bank. Nobody should. Yeah, it would be nice if we had a well regulated financial system.