re: #338 3 wood

Treasurer Fear of Credit Freeze Seen in Cash Hoarding

Translation:

1. Corporate treasurers still don’t trust the banking system
2. If companies take a risk and make a big profit, there is a chance they might get called in front of congress and publicly lynched on camera. Why subject yourself to that? Just sit on your cash and make some interest at little risk.

I think you misinterpret here.

By “not trusting the banking system”, read they cannot float junk now as easily as before.

And, “some interest”? Rates are way low.

Of course, even zero is beter than a loss, if they were to invest it somewhere that cost or lost money.