Subject: Re: SVB bailout
For many decades my material liquid cash. family cash, and cash held by public companies I was affiliated with, has been parked in vanguard money market funds. The MMFs were linked to a BAC account and money could be wired , overnight, free,if needed. I have no idea why anyone keeps serious money, at a bank? Even if a retail investor is a CD buyer, use several banks. Liquid cash should be in high quality MMFs, which haven't broken the buck at vanguard in 40 years.