by niix on 3/11/23, 12:37 PM with 11 comments
by sam345 on 3/11/23, 12:53 PM
my sympathy is with them but please someone explain why companies were putting millions in banks beyond FDIC limit with almost no interest. Could have managed it themselves in a brokerage laddering treasuries or hired someone to do so. This is what big corps do and with interest rates so high seems a no brainier.Would at least think their investors would have insisted on it.
by rvz on 3/11/23, 12:46 PM
Maybe focus more on turning a profit than burning millions on operational costs and endlessly raising cheap VC money every month?