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.
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.