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RocketSurgeon22 44 points ago +44 / -0

Can you explain? FDIC regulations have created this mob tactic of singling out competitors of Twitter?

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DeadOverRed 54 points ago +54 / -0

Yes. Have you tried opening a bank lately?

38
rooftoptendie 38 points ago +38 / -0

I HAVE NEVER TRIED OPENING A BANK.

Can I just make like "Bob's Bank of MAGA" or something?

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DeadOverRed 38 points ago +38 / -0

You should. I'll open an account.

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RighteousViolence1 22 points ago +22 / -0

I got tree fiddy on it

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Casualize 18 points ago +18 / -0

I feel it should be more applicable if you named it after your tag. Bank of Rooftop Tendies.

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rooftoptendie 23 points ago +23 / -0

Doable. I just would need to make sure the walk in vault doubled as a freezer.

"I am here to make a tendie withdrawl"

"Very good sir, would you like frozen or crispy and delicious?"

"Frozen, please I'm cooking them at home."

"Great, and would that be in bundles of tens or twenties?"

Then I will send them shooting at top speed through the little drive thru tubes.

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IamWearingaDress 5 points ago +5 / -0

I would keep all my money in the tendie bank.

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NomadicKrow 8 points ago +8 / -0

Rooftop Credit Union, logo is the silhouette of a rooftop korean

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rooftoptendie 6 points ago +6 / -0

boom, look at that, you're my new head of marketing! HIRED.

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deleted 4 points ago +4 / -0
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readyIgnite 4 points ago +5 / -1

A bank no. Suppose a credit club in the crypto space for hyper-local community transactions and commerce. Provide critical functions and insurance.

With ease of tossing up a crypto project since it's based on math I'd be shocked if we don't see pockets outside conventional structures appear.

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phibetared 7 points ago +7 / -0

Kinda like when off shore gambling appeared... and then was shut down by the (mob) US authorities?

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deleted 3 points ago +5 / -2
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deleted 1 point ago +1 / -0
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RocketSurgeon22 0 points ago +1 / -1

Denovo is not needed. I don't know why you say that is the requirement. You need 1 or few banks under a holding company. A Cuso (4 Credit Unions) or a couple S&L banks in Oklahoma with their state reassurance program.

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DanWang 25 points ago +26 / -1

Yes. If you wanted to straight up create a 1:1 clone of Paypal, you literally can't do it due to the reg changes.

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RocketSurgeon22 11 points ago +12 / -1

Can you point me to the regulation? Is it FDIC? Any details would be great because I am wanting to dig into this. Thank you.