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.
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.