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Sweeps and obo accounts are the bone simple answer to this that every mainline treasury has used for this problem for at least 30 years. Further the banking ec
by kasey_junk 8mo ago
Sweeps and obo accounts are the bone simple answer to this that every mainline treasury has used for this problem for at least 30 years.
Further the banking ecosystem in the US is predicated on the idea that depositors, especially large ones, are doing their own diligence on the health of the bank.
- steveBK123 8mo agoYeah but but first principles! /s