Comments by "girl from the bronx by way of el barrio" (@girlfromthebronxbywayofelb7288) on "Meet the Press NOW — March 13" video.
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But why not have multiple accounts at the bank? So if your business has grown, each dept can have a separate account as a strategy for keeping the balances under $250,000. For instance, if your family likes a particular bank, several family members have individual accounts, not one giant account that grandmother, dad, grandson, cousin, aunt all share. Several smaller accounts, not one giant account.
Having said that, this bank did seem very risky, so at some point the stategy is to use a better bank. That's also why Dodd Frank should have been maintained. Another mess created by the pumpkin headed grifter. When will the clean up finally be done?
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