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Cross River Bank: The Sketchiest Bank You've Never Heard Of
Cross River Bank in Fort Lee, NJ just might be the most sketchy bank in all of America. Just a few years ago they only had a single branch in New Jersey and now they find themselves at the epicenter of Paycheck Protection Program controversy, shady crypto firms, Central Bank Digital Currencies, and even The Commercial Real Estate bubble. So are they the unsung heroes of finance who will provide much-needed credit where no other bank would dare to? Or are they just a chop shop that will take money, for a fee of course, from anyone and everyone, no questions asked? While no charges have been made and no direct proof of wrong doing has been found, this bank is in the middle of some very sketchy dealings.
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Chapters:
0:00 Intro
1:37 PPP Controversy
5:42 Cryptos and Stablecoins
8:00 Regulatory Scrutiny
9:30 Fed Now and CBDCs
10:10 Increased Lending in Commercial Real Estate
13:56 Long Story Short
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#CrossRiverBank
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