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Link to previous discussion? I'd be curious if incorporating outside the U.S. is the best option for them here to avoid the regulation. Or going on a SeaStead
by barmstrong 16y ago
Link to previous discussion?
I'd be curious if incorporating outside the U.S. is the best option for them here to avoid the regulation. Or going on a SeaStead :) They'd still need relationships with Visa and Mastercard though.
- barmstrong 16y agoAlso, I'd be interested in a bank which didn't use the fractional reserve system, and did something more like the process described at the end of this video: http://www.youtube.com/user/khanacademy#p/p/CECDA315A8848B99/23/8SAMey9Gl5I http://www.youtube.com/user/khanacademy#p/p/CECDA315A8848B99... It may then be tough to compete with existing banks whose insurance is subsidized by the gov though.