Why is it that on a Friday afternoon I can't send a wire transfer if it's past 5 o' clock in the afternoon? Right. And then you're locked out until Monday. Now J.P. morgan loves this. You know why J.P. Morgan loves this... because they get the float on tens of billions of dollars. that are sitting there, the interest in it for a three day weekend which they otherwise put their pockets. Isn't that, isn't that convenient right now? (28:48–29:00)
CLAIM
Asserts that J.P. Morgan benefits financially from holding funds over weekends.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
