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What 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 th
by dehrmann 4y ago
What 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.