Display:
How could this be done practically? Wouldn't we need massive capital to start with?

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Thu May 6th, 2010 at 12:12:38 PM EST
[ Parent ]
No, you need investors to provide the cash, and a management team with a track record - or at least a name or two - to run it.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu May 6th, 2010 at 12:35:52 PM EST
[ Parent ]
I think the biggest barrier to entry is not capital but regulatory compliance.

Basically, I think you would have to run a business for a few years which would not be a "bank" and after accumulating a number of operational records for maybe 5 years you could become a "bank".

The easiest way to start a new bank is to buy a failing one, possbly.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Sat May 8th, 2010 at 05:28:45 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series