52 min listen
4/5/23: Is my Cash Still Safe at my Bank?
4/5/23: Is my Cash Still Safe at my Bank?
ratings:
Length:
11 minutes
Released:
Apr 5, 2023
Format:
Podcast episode
Description
Yesterday I said here on the podcast that federal banking regulators have been trying to kill crypto companies by denying them access to banks. The FDIC shut down Silvergate and Signature Banks and Silicon Valley Bank, all of which did a lot of business with crypto companies. And the regulators are trying to tell other banks not to do business with crypto companies. Their efforts so far are failing because crypto is a legitimate industry that's operating - for the most part anyway, legally and profitably. Why wouldn't a bank want to do business with an industry like this? Just because you don't like crypto, what does that have to do with it? That's like saying you won't let tobacco companies or casinos or gun manufacturers have bank accounts just because you don't like what they do either.-----Links from today's show:Money Market, FidelityMoney Market, InvescoMoney Market, SchwabCertificate in Blockchain and Digital AssetsBrought to you by:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page-----
Released:
Apr 5, 2023
Format:
Podcast episode
Titles in the series (100)
Market volatility by THE TRUTH ABOUT YOUR FUTURE with Ric Edelman