[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.