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#1021 Caitlin Long On Building A New Bank That Doesn’t Rely On Leverage & Lending

The Pomp Podcast

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Bankruptcy in the Traditional Financial Services Industry

The company has proposed to the fed to hold a dollar and eight cents in a fed master account for every one dollar of customer deposits during your first three years. This is a non lending business model all all based on transaction fees, as opposed to a playing that in a rolling the leverage dice,. We don't think we should be doing this. Industry moves too fast. The regulators are recognizing that there's inherently a liquidity missmatch with traditional financial institutions getting involved in digital assets.

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