“When the tide goes out, you see who’s skinny dipping.” - WB The tide is beginning to go out. I’m sure there will be more unexpected bankruptcies from people over-levered. Given this, I’ve chosen to take 95% of my cash out of banks and put them in T-bills. They are both safer and have higher returns. Win-win. And if in a crunch, you can trade out of them in seconds.