It is not. At least, if I had clout, I bet it all that it's not. This thing wouldn't pass a grift check or an early life check, else it wouldn't happen, because done genuinely and with any success this is "suddenly died in a car crash" tier
This is BRCC all over again. MIGA's are flock to muh based black men, and are gonna lose all of their money, when the inevitable regulation/fraud/security breach/bank run/arrests occur.
What makes you say that? I don't know John Rich. Larry and Ben never seemed to play the "reasonable" controlled opposition hand. I can imagine the glowies coming in when they decide to seek more investors.
This isn't an "alt bank". This trio bought an already existing bank that already had ties to the financial system, including FDIC insurance, and renamed it. The big question, as current_horror points out, is how far is the existing system willing to tolerate something like old glory bank. Time will tell.
I don't know about that. With BRCC, Evan Hafer has done multiple things that show that he's a homosexual neoliberal leftist while pandering to conservatives. On the flip side, I've never heard anything that suggests that Carson or Elder are lying about their beliefs.
The problem with starting your own bank is that it’s a corrupt industry propped up by government intervention. If you’re not playing ball with woke feds, they will target you just for doing what every other bank is doing.
Let's see how fast they get canceled if they refuse to "adress their systemic -istophobist problems" when a costumer speaks ill of those who cannot be spoken ill of ( and also happen to own most of the banks and medias ).
They better carefully screen their candidates employees, least those stage protests, conspire to wokify the place, organize a "walkout" or "spontaneous restorative reparation plan" to "own da raciss".
There won't be any pushback until someone loses something they can't afford to lose and decides to do something about it. I'm all in favor of people who haven't realized the situation putting their life savings into something the Feds can destroy on a whim.
One of those people might own a bulldozer and a muffler shop.
Historically speaking, I think change might - and it's still might - happen after someone gets killed trying to defend themselves from the government trying to take all their shit. Martyrs are powerful, and that's how a lot of big change happens; the existing powers overstepping and murdering someone, even if it was just some nobody. Sadly, they're trying to crack down on all the pathways of information that would let people talk about their actions, too.
They're just the owners. If they're intelligent, they'll hire the talent and listen to them.
EDIT- From their website:
Old Glory Bank was previously called First State Bank in Elmore City, Oklahoma, which was established in 1903. We recently acquired First State Bank and changed its name to Old Glory Bank. There is a new group of owners, executives, and board members, who have decades of experience in banking and technology.
Well I would wait and see. I would not put my money in a bank based on being a fan of Elder’s radio show. I actually got to meet him before. Nice guy. Still I need to see results first
If they are legit I hope it works out. I have been a fan of Larry Elder for years.
It is not. At least, if I had clout, I bet it all that it's not. This thing wouldn't pass a grift check or an early life check, else it wouldn't happen, because done genuinely and with any success this is "suddenly died in a car crash" tier
This is BRCC all over again. MIGA's are flock to muh based black men, and are gonna lose all of their money, when the inevitable regulation/fraud/security breach/bank run/arrests occur.
What makes you say that? I don't know John Rich. Larry and Ben never seemed to play the "reasonable" controlled opposition hand. I can imagine the glowies coming in when they decide to seek more investors.
Pattern recognition.
It's FDIC insured.
You assume the government will pay out to nazi, racist, sexist, bigoted terrorist.
They're using US dollars, unlike what Hussein and Ghaddafi were beginning to do.
This isn't an "alt bank". This trio bought an already existing bank that already had ties to the financial system, including FDIC insurance, and renamed it. The big question, as current_horror points out, is how far is the existing system willing to tolerate something like old glory bank. Time will tell.
I don't know about that. With BRCC, Evan Hafer has done multiple things that show that he's a homosexual neoliberal leftist while pandering to conservatives. On the flip side, I've never heard anything that suggests that Carson or Elder are lying about their beliefs.
The problem with starting your own bank is that it’s a corrupt industry propped up by government intervention. If you’re not playing ball with woke feds, they will target you just for doing what every other bank is doing.
We have officially reached the "just build your own bank" stage
https://oldglorybank.com/frequently-asked-questions
Let's see how fast they get canceled if they refuse to "adress their systemic -istophobist problems" when a costumer speaks ill of those who cannot be spoken ill of ( and also happen to own most of the banks and medias ).
They better carefully screen their candidates employees, least those stage protests, conspire to wokify the place, organize a "walkout" or "spontaneous restorative reparation plan" to "own da raciss".
i'd open an account and start talking about grooming kids, just to troll them
There won't be any pushback until someone loses something they can't afford to lose and decides to do something about it. I'm all in favor of people who haven't realized the situation putting their life savings into something the Feds can destroy on a whim.
One of those people might own a bulldozer and a muffler shop.
That doesn't create real change, though.
Historically speaking, I think change might - and it's still might - happen after someone gets killed trying to defend themselves from the government trying to take all their shit. Martyrs are powerful, and that's how a lot of big change happens; the existing powers overstepping and murdering someone, even if it was just some nobody. Sadly, they're trying to crack down on all the pathways of information that would let people talk about their actions, too.
Hopefully the money people are behind the scenes. I hope it works for them.
They're just the owners. If they're intelligent, they'll hire the talent and listen to them.
EDIT- From their website:
Well I would wait and see. I would not put my money in a bank based on being a fan of Elder’s radio show. I actually got to meet him before. Nice guy. Still I need to see results first