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Caitlin Long 🔑⚡️🟠

Matthew Yglesias

Custodia Bank ™

RT @CaitlinLong_: DID YOU KNOW, @mattyglesias, that @custodiabank proposed EXACTLY this &amp; the Fed denied it on Jan 27 as “unsafe &amp; unsound”…

DID YOU KNOW, @mattyglesias, that @custodiabank proposed EXACTLY this &amp; the Fed denied it on Jan 27 as “unsafe &amp; unsound” 🤦‍♀️— after sitting on Custodia’s application for ~2.5 years? Might they take that bad decision back now??🤔 https://t.co/SKYX5GrZQk

Maybe as a result of this someone will found a bank with a disruptive business model of unlimited risk-free bank accounts where instead of paying interest they just hold the money and charge you a fee.

RT @CaitlinLong_: DID YOU KNOW, @mattyglesias, that @custodiabank proposed EXACTLY this & the Fed denied it on Jan 27 as "unsafe