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
I am assuming GAB would want to buy or stand up a "compliant" Federal Reserve System bank. Why would they not. Then they can operate just as anyother bank, can have depositors, most importantly have access to the Fed discount window for endless borrowing, on and on.
Yea, it s a ton of regulatory red tape BS too, but my point was that it can be done.
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?
I am assuming GAB would want to buy or stand up a "compliant" Federal Reserve System bank. Why would they not. Then they can operate just as anyother bank, can have depositors, most importantly have access to the Fed discount window for endless borrowing, on and on.
Yea, it s a ton of regulatory red tape BS too, but my point was that it can be done.
I'd deposit money there.