The largest TW accounts stoking fear of a full blow bank meltdown really makes me questions their cool, calm, and supposedly collected approach to business. Why on earth are these business gurus stoking collective fear? You anyone be listening to them?
Plus there are other programs that exist that can compliment & increase this threshold. If you are a VC/biz owner, capital allocator or whatever you need to talk to your CFO and get your operating accounts on the ICS program.
One thing that strikes out regarding #SVB is how little to no knowledge in treasury and corp finance most VCs & Tweet Gods have. Every single one plus stock gurus are acting like Insured Cash Sweep (ICS) does not exist. ICS protects the money in your accounts up to $150m,