On: Bill Ackman: The gov't has about 48h to fix a-soon-to-be-irreversible mistake

[hackeraccount]

I'm not in favor of this but most of the money lost will be by bondholders.

Why would you keep more than a 250K in a single savings account? If it's an investment you should invest it. If it's for liquidity why not split over multiple banks? Personally I don't keep that kind of money in a savings account but what's the story for people who do?

[dano → hackeraccount]

Mostly because it's easier from an accounting and money management perspective. Now Roku's $460+ million on deposit is unfathomable.

[hackeraccount → dano]

Is the overhead from say, 10 accounts as opposed to 1 really that onerous? If you have 25 million in cash that you want liquid is a savings account really the best vehicle?