How a Pandemic Can Cause a Cash Crunch

Corporate Lines of Credit: ATM’s for Business [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] To understand the stress on the financial system now, start with millions of people...
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“Minnesota Twins” – ATM Version

Uptown Minneapolis SA With TWO Cash Machines For anyone who’s rolled their eyes and twiddled their thumbs while the yahoo slow poke in front of them tried to decide what they wanted . . . the SuperAmerica at Lyndale and 22nd added a second ATM machine. Great idea! I can think of six more nearby spots, easy, that could benefit...
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“The Friend ATM”

Not to Be Confused With “The Parent ATM” Too busy to get to the ATM? If you’re meeting friends at a restaurant, Plan B is to pay for everyone with plastic, then collect cash from your friends for their share. Unfortunately, unlike another famous type of ATM (“the Parent ATM”), cash obtained via “The Friend...
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Bad Behavior Uptown

“Don’t Mind Me”I really don’t care if you talk on your cell phone within my earshot in public (trust me, you’re not that interesting). And I don’t necessarily lose it when you dawdle using the ATM while I’m standing behind you. But — and here’s the part that seems self-evident — if you’re going to...
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"Financial Innovation" Winners & Losers

I’m a huge fan of Nobel laureate (economics) Joseph Stiglitz. This paragraph is an example of why: Financial engineering did not create products that would help ordinary citizens manage the simple risk of home ownership – with the consequence that millions have lost their homes, and millions more are likely to do so. Instead, innovation...
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$3,000 ATM Fee?

Cheap Money Elusive for Many While rates are falling, borrowers face higher costs every step of the way, from rising fees for mortgage insurance to added costs that drive up the mortgage rate. At the same time, lenders have become more cautious about who they will lend to, as more people lose their jobs, watch...
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