Rob Arkley said he is moving his company's money to Wells Fargo or JP Morgan , also shared his thoughts about Redwood Capital and credit unions

 

Rob Arkley said he is moving his company's money to either JP Morgan or Wells Fargo under the theory that "these banks are too big to fail." He added, "I wouldn't have a dime over the insured limit in smaller banks" such as credit unions or Redwood Capital. "Why would you take the risk? Money is too hard to make."

This is in the beginning of the KINS interview today around 4:19 for a couple of minutes.