Anybody know how to start a boutique bank?

[fish78]

I smell opportunity

http://cnsnews.com/blog/gregory-gwyn-williams-jr/bank-america-freezes-gun-manufacturers-account-company-owner-claims

[jlbraun]

I have looked into it. The amount of regulation is nutso.

Most of the finance technologists I know are disillusioned with banks and are looking heavily into Bitcoin.

[fish78]

I don't know anything about Bitcoin or any other e-currency, but what I do know is that banks are starting to FREEZE accounts of those who trade in firearms...I suspect there is a government hand in these decisions. I further believe that an opportunity exist for some bank to specically cater to the gun industry. I have a few other ideas, but will keep them to myself for the moment.

[Alex Nieuwland]

Step 1: move to another country.

[JFSanders]

Start a Credit Union instead. Takes a pretty good stake but it isn't impossible. Say 13 people with a initial buy in of 100K. What is very important is to get the right law firm.

[Maddog6]

There are boutique (private) banks out there. My wife runs one. They have some leeway compared to publicly held banks. An example: they did not have to, nor did they participate in the mortgage lending practices that caused the home foreclosure problems. When the dust settled they were standing strong.