Regulators’ crypto crackdown is backfiring
Wall Street Unplugged - What's Really Moving These Markets
Frank Curzio
4.5 • 1.1K Ratings
🗓️ 1 March 2023
⏱️ 33 minutes
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Summary
Transcript
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| 0:00.0 | Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media |
| 0:06.9 | to bring you unscripted interviews and breaking commentary direct from Wall Street, right |
| 0:11.6 | to you on Mainstrum. |
| 0:12.6 | Let's go out there, it's March 1st. |
| 0:17.8 | No Frank Kursh, just a Wall Street Unplug pockets, we're breaking the headlines, and, uh... |
| 0:28.9 | I don't know what's really moving these markets, so I'm about to say, may get me a little |
| 0:37.1 | bit of trouble, but I think the world should know it, I think it's very important. |
| 0:41.5 | We're doing business with Bank of America, all corporations since we started this business |
| 0:47.1 | five years ago, and Bank of America last week, decided to send me a letter saying that |
| 0:53.4 | they would no longer do business or curse your research. |
| 0:56.0 | Found that interesting. |
| 1:00.8 | Maybe it's because we talk about crypto, but CNBC talks about crypto, maybe it's because |
| 1:05.4 | we invested in TCG, yet, you know, Nike investing in Roblox or other major retailing companies |
| 1:13.0 | are investing in Roblox to build a metaverse, put some par, and hundreds of revenue is |
| 1:19.0 | derived with the same thing over the past five years, which is subscriptions. |
| 1:25.0 | And the letter they sent to us, right, letter, they didn't call me, they didn't call me |
| 1:29.4 | personally, they sent the letter, but they said they would no longer do business with |
| 1:33.1 | us, and we would restrict deposits on your accounts, I said, you have 30 days to transfer |
| 1:40.1 | everything out of Bank of America, and in this letter, they write a number to call it, |
| 1:46.0 | says, we're here if you have any questions, so I called it, and I want you to listen |
| 1:53.1 | to exactly what's on this recording. |
| 1:55.1 | If you have been referred to this phone number, it is because we are unable to open new accounts |
... |
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