4 ms·
I mean maybe we should require large companies to split their accounts across several banks, I mean what is the real overhead here?
by Pet_Ant 4y ago
I mean maybe we should require large companies to split their accounts across several banks, I mean what is the real overhead here?
- czbond 4y agoThat really is a CFO's job. To assess risk, and distribute it. Larger amounts in larger banks are swept across multiple branches transparently to reduce the account holders risks for individual branch failures. However, the FDIC limit is REALLY low in today's terms. $250k limit was set in 2010. The money stock has been printed 143% more since 2010. To me that is about $607k in today's dollars.
- kortilla 4y ago> 250k limit was set in 2010. The money stock has been printed 143% more since 2010. To me that is about $607k in today's dollars. That’s not how inflation works.