Brian Moynihan of BofA - 5th in line for POTUS? Wtf? Plus, Bank of America Finally Declares Dislike for Crypto
Description
Thanks for listening.
I start the podcast off with a book update, and another book idea that has popped up.
Next, I discuss how Brian Moynihan, CEO of Bank of America, has a lot of buzz that he may be the next Treasury Sec. if Janet Yellen leaves. Charles Gasparino with the scoop tweet on 12-9. I discuss how mind blowing that is, how of course Joe Biden's former nickname "Senator from MBNA" comes into play, an why I think he wouldn't leave BofA for it, simply because of pay reasons, and I use Howard Stern as my example of why I feel that way.
Fox Business Article about Moynihan potentially being Treasury Sec
Plus, I talk about a Brian Moynihan appearance on Neil Cavuto's show where he mentions how Bank of America isn't "for" cryptocurrencies, despite us knowing BofA has 200-300 blockchain patents. I discuss how he alludes to the current paying system and how it is great, and why they small percentage interchange fees that banks get from debit/credit card make it unlikely for a major bank to embrace crypto so deeply. I also talk about my crappy work experience having to rat out pimply faced teens for dabbling in crypto while at BofA.
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