Oh My Fraud4 Des 2024

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.

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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

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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]

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]

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