What Next TBD: Did a Twentysomething Con America’s Biggest Bank?

Slate Technology

Slate

Society & Culture, Technology, History

4.6 • 636 Ratings

🗓️ 5 February 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

JP Morgan Chase is getting an education on FAFSA and financial aid–which would’ve been helpful before they acquired a now, quite dubious seeming start-up. Guest: Ron Lieber, New York Times journalist, author of the “Your Money” column. Host: Lizzie O’Leary If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next TBD. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I made you think you was real.
0:02.0	My name is Caden Sinclair.
0:04.0	Some people call us American royalty.
0:06.0	We were Liars.
0:08.0	A new series on Prime Video.
0:10.0	We were happy. We wanted for nothing.
0:12.0	Based on the best-selling novel.
0:15.0	Something terrible happened last summer,
0:17.0	and I have no memory of what or who hurt me.
0:20.0	No one in my family will tell me.
0:22.7	When you're left for dead, you want answers.
0:25.2	We were liars.
0:26.3	New series, watch now, only on Prime Video.
0:34.7	I started my conversation with Ron Lieber by reading him a little bit of a press release. I started my conversation with Ron Lieber by reading him a little bit of a press release.
0:41.9	Ron writes the Your Money column for the New York Times, and I wanted his take on an announcement from September of 2021.
0:49.4	An announcement from J.P. Morgan Chase, the country's biggest bank, saying it was buying a startup
0:54.9	called Frank. Frank's business was supposedly built around helping students navigate the financial
1:00.7	aid system, and J.P. Morgan Chase wanted in, so much so that they reportedly paid $175 million
1:07.6	for Frank. Here's the part I read to Ron.
1:11.3	Frank offers a unique opportunity for deeper engagement with students.
1:15.2	Together, we'll be able to expand our capabilities for students and their families, helping
1:19.8	them financially prepare for college and other major moments in their future.
	...

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