Its actually not that tough to launch your own bank. Only takes $100k in capital, and of course all the set up and organizational costs would be triple that, but it can all be floated by investors.
I looked into it once and was astonished at how easy and relatively cheap it was to stand up an actual bank that is part of the FDIC
Its actually not that tough to launch your own bank. Only takes $100k in capital, and of course all the set up and organizational costs would be triple that, but it can all be floated by investors.
I looked into it once and was astonished at how easy and relatively cheap it was to stand up an actual bank that is part of the FDIC
What if you skipped the FDIC?