Episode 1352 • • 2:09:54 - 2:14:03
1352: Race Norming
Bank of America Fraud, EDD Debit Cards and Digital Currency
A federal judge has ordered Bank of America to reopen fraud claims for thousands of unemployed Californians whose EDD debit cards were compromised. The bank is accused of violating federal law by automatically freezing benefits and ignoring legitimate claims of unauthorized transactions. This failure of private banking is being framed by some as a justification for the implementation of a Central Bank Digital Currency (CBDC).