[jjnoakes]

Does the outcome justify the risk if the outcome could have gone radically differently?

Is driving without a seatbelt not a poor decision if one walks away from the wreck?

[lazide]

What seatbelt was someone not wearing in this case?

The normal retail banks are TERRIBLE. I did my startup using a retail bank to start (BofA), and it was an absolute nightmare.

I ended up at First Republic, and they’ve been great.

[sanderjd]

I didn't know about this until reading things throughout this weekend (which is somewhat telling), but evidently there are a number of approaches that businesses use to avoid having essentially all of their money held as uninsured deposits in a single bank. Those approaches are the seatbelt that we seem to have largely chosen not to wear.

[vladgur]

You are referring to insured sweep accounts?

It’s also something that I have only learned this weekend although I was never in a position to need one

[sanderjd]

Yeah pretty much.