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Re:Ask HN: What skills will be useful during an upcoming rec... by toomuchtodo on Sunday March 22, 2020 @02:36PM (#22657360)
It is incredibly hard to get a banking license. Easier to buy an existing bank. Banking regulators are also biased as to the type of banks they want to support, making it difficult to stand up a narrow bank.

Consider finding opportunities to extract value from the existing banking system to achieve similar end goals. Maybe the Fed will lend to you if you can provide collateral they typically wouldn’t consider high enough quality? (Google “primary dealer lending facility”)

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