Free Money: The Legacy of Freedman’s Bank with Historian Justene Hill Edwards
University of Virginia historian Justene Hill Edwards gave Caleb and Greg “a strong B” on their podcast episode about Freedman's Savings Bank. Nevertheless, they were eager to learn more about this Reconstruction Era fraud. Dr. Edwards’s new book, “Savings and Trust: The Rise and Betrayal of the Freedman’s Bank” tells the story in rigorous detail, the effects of which have repercussions to this day.
Buy Justene's Books
https://www.amazon.com/Savings-Trust-Rise-Betrayal-Freedmans/dp/1324073853
https://www.amazon.com/Unfree-Markets-Capitalism-Carolina-Columbia/dp/0231191138
Connect with Justene
https://www.justenehilledwards.com
https://www.linkedin.com/in/justene-hill-edwards-ph-d-265111104
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email support@earmarkcpe.com.
CONNECT WITH THE HOSTS
Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/
Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/
Email us at ohmyfraud@earmarkcpe.com
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- (00:00) - Welcome to Oh My Fraud
- (03:38) - Recap of the Freedman's Bank Episode
- (06:14) - Justene Hill Edwards' Background
- (15:37) - The Origins of Freedman's Bank
- (26:50) - Challenges and Expansion of Freedman's Bank
- (35:33) - Corruption and Illegal Loans
- (50:44) - The Puzzle of Banking: Balancing Loans and Deposits
- (53:39) - The Lending Bonanza and Its Consequences
- (54:26) - Edgar Ketchum's Confrontation with Cook
- (57:03) - The Public Perception and Marketing of Freedman's Bank
- (59:07) - The Panic of 1873 and Its Impact
- (01:03:25) - Frederick Douglass Takes Charge
- (01:11:09) - The Bank's Closure and Aftermath
- (01:15:28) - Investigations and Lack of Accountability
- (01:21:55) - The Legacy of Freedman's Bank
- (01:30:27) - Final Thoughts and Reflections
Buy Justene's Books
https://www.amazon.com/Savings-Trust-Rise-Betrayal-Freedmans/dp/1324073853
https://www.amazon.com/Unfree-Markets-Capitalism-Carolina-Columbia/dp/0231191138
Connect with Justene
https://www.justenehilledwards.com
https://www.linkedin.com/in/justene-hill-edwards-ph-d-265111104
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email support@earmarkcpe.com.
CONNECT WITH THE HOSTS
Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/
Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/
Email us at ohmyfraud@earmarkcpe.com
The Freedman’s Bank Forum obscures the bank’s real history [Washington Post]
Creators and Guests
Host
Caleb Newquist
Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.
