
714 - McNally Jackin’ (3/13/23)
Chapo Trap House
00:00
Dodd-Frank Banking Regulations Changed the Regulation Framework for Startups
Barney Frank got like a million dollars just sitting on the board of the New York crypto bank. And lobby to exempt that bank from the Dodd-Frank banking regulations. Not only did they get what they wanted, they're getting all the money back. 65% of all tech startups had their money in this bank. The weird thing with this bank is it's sort of like a money market or somebody like like to deposit your money or take a loan from this bank. So that's why all these people were losing their minds. But no, in 2018, like these Trump passed It changed the regulatory framework for specifically like banks like this.
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