cash flow management Archives - Legacy Insurance Agency https://legacyinsuranceagency.com/tag/cash-flow-management/ Protect, Plan and Prosper Wed, 31 Jul 2019 19:23:03 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://legacyinsuranceagency.com/wp-content/uploads/2015/04/Legacy-LifetimeBank-400-e1453402663782-100x100.jpg cash flow management Archives - Legacy Insurance Agency https://legacyinsuranceagency.com/tag/cash-flow-management/ 32 32 The Narrow Bank (TNB) Files Suit Against Federal Reserve https://legacyinsuranceagency.com/tnb-sues-fed/ Thu, 04 Oct 2018 20:21:45 +0000 https://legacyinsuranceagency.com/?p=2592 The Narrow Bank (TNB) Files Suit Against Federal Reserve by: Lara Murphy Reporting A recent article in Bloomberg explains that individuals representing “The Narrow Bank” (TNB) have filed suit against the New York Federal Reserve for refusing to grant them an account with the central bank. Although Fed officials cite vague “policy concerns” with the TNB business model, cynics think the explanation is very simple: the Fed doesn’t want outsiders to join the club of those eligible for its guaranteed interest payments. Some background: Back in October 2008, soon after the fall of Lehman and as Congress was debating the TARP program, the Fed initiated a new policy of

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