In this Money Talks: The collapse of Synapse and resulting fallout highlights how regulators are failing fintech users. Felix Salmon is joined by CNBC’s Hugh Son who has been closely following the situation. They unpack the chain of events that led to thousands of users losing access to their funds, the complexities of FDIC insurance, and how regulators allowed this massive scandal.
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Podcast production by Jessamine Molli and Cheyna Roth.
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Money Talks: The Synapse Scandal | Slate Money podcast - Listen or read transcript on Metacast
