cash management accounts

If investors haven't already reviewed how secure their cash management account is, then its time for a review. Several of the well know CMT outside the big 4 banks don't offer the security of the major banks (read the small print). Whilst I haven't closed my CMT that is not with the big 4, I have emptied it down to a very low figure just in case there is a run on the CMT (a large well know brand). Suspect day could be the start of a run on some CMT trusts outside the big 4. If you have a cheque account attached to your CMT, just draw a cheque & deposit in an account where you feel comfortable, hopefully your cheque will clear.
Better to be a little careful if you need access for living funds, than finish up with a frozen CMT, that could take months to sort out.
Regards
Buffett