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. Sponsors Tabs - https://ohmyfraud.promo/tabs Forwardly - https://ohmyfraud.promo/forwardly Mercury - https://ohmyfraud.promo/mercury (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
[email protected] . 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
[email protected] The Freedman’s Bank Forum obscures the bank’s real history [Washington Post] Savings and Trust: The Rise and Betrayal of the Freedman's Bank [W.W. Norton] Justene Hill Edwards Interview: Unveiling America's Roots & Lincoln's Legacy [YouTube] The Road to Fraud Is Paved With Good Intentions | The Case of Freedman’s Bank [OMF, Ep. 51]
