The Road to Fraud Is Paved With Good Intentions | The Case of Freedman’s Bank

Oh My Fraud

During the Reconstruction era, legal, social, and political change was pervasive throughout the United States as it recovered from the Civil War and the end of slavery. In this episode, Caleb and Greg discuss the effort to help newly emancipated people with a service most of us take for granted today—banking.

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Greg Kyte, CPA
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Caleb Newquist
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Sources:

• Transcript of the Emancipation Proclamation [National Archives]
• End of slavery in the United States [Wikipedia]
• Juneteenth [Wikipedia]
• Thirteenth Amendment to the United States Constitution [Wikipedia]
• Reconstruction era [Wikipedia]
• Freedmen’s Bank [Britannica]
• Freedman's Savings Bank [Wikipedia]
• Freedman's Bank Building [US Department of the Treasury]
• The Freedman’s Bank Forum obscures the bank’s real history [Washington Post]
• “The hands are white that handle the money”: Review of Carl R. Osthaus, Freedmen, Philanthropy, and Fraud: A History of the Freedman’s Savings Bank [βιβλιοσκώληξ]
• (1876) “Committee on the Freedman’s Bank,” in Reports of Committees of the House of Representatives. Washington: Government Printing Office.
• (1880) United States Senate, Report of the Select Committee to Investigate the Freedman’s Savings and Trust Company. Washington: Government Printing Office.
• Freedman's Savings and Trust Company [Smithsonian Institution]