Banking....2A.....Feds declassifying Firearms industry as "High Risk"

[THEIS]

Hi,

So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

One that will offer full range of Treasury services online so members do not have to be near the bank.
One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

Sincerely,
Theis

 

[pmclaine]

We also need to start a SH stock "Run Up/Hedge Fund Destruction" buying group.

Tired of the Autistics having all the fun while us Normies sit here beating our keyboards with fantasies of glory.

 

[FS1]

We also need to start a SH stock "Run Up/Hedge Fund Destruction" buying group.

Tired of the Autistics having all the fun while us Normies sit here beating our keyboards with fantasies of glory.

Domestic Financial terrorism in 3..2..1

 

[BullGear]

I'll short that for 10,000,000,000 shares.

 

[Rthur]

I'm guessing the Fed doesn't like this idea.
As they are ass deep in any and all banking regs it would seem to be
an unspoken rule.
I'm sure someone has realized there is a huge market in this demographic.
When they commonly shit on folks with gov contracts with impunity no one
wants to rock the boat.

R

 

[BLKWLFK9]

Hi,

So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

One that will offer full range of Treasury services online so members do not have to be near the bank.
One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

Sincerely,
Theis

Hoplite Financial

Hoplite Banking

HOPElite Banking


Its got a ring to it.

 

[308pirate]

Domestic Financial terrorism in 3..2..1

I'm in

If I'm going to be made a terrorist, then I want to make money at it.

 

[THEIS]

Hoplite Financial

Hoplite Banking

HOPElite Banking


Its got a ring to it.

Hi,

Hoplite Credit Union, lol.....
Now onto the real questions, lol...
State Chartered or Fed Charter?
Investors for the banking adequacy report to file with Office of Currency Comptroller and FDIC.
Business plan with endorsement from OCC.
And the rest is legalese and documents, lol.

In all seriousness....someone needs to do this now that the High Risk category has been removed officially!!

Sincerely,
Theis

 

[1moaoff]

While I think its an interesting concept. Starting a bank and licensing is as much about high level contacts and licensing as anything else. In today's environment it would probably be more difficult than ever.

It would likely be a profitable endeavor IF it could undwrite ins also

 

[1moaoff]

I was thinking fed charter.
State charter in a 2a state would be interesting because of the ease of online banking

 

[Choid]

You won't find any smart money going into consumer firearms in any way. Not to say that smart money is looking all that good these days...

 

[1moaoff]

Dual charter credit union

 

[FS1]

2A National Bank

 

[Choid]

Hi,

So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

One that will offer full range of Treasury services online so members do not have to be near the bank.
One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

Sincerely,
Theis

Hi,

Serious question. With the near inevitable repeal of the lawful commerce in arms act, and the almost inevitable increase in restrictions on ownership of firearms, and especially their transfer including posthumously, do you see the client base of such an endeavor ever being greater on day n+1 as it is on day n? In other words, the most likely gun control regime is one of attrition both in sellers and owners. Because any present value analysis of such an endeavor would look pretty ugly with a constant decline in client base.

Thanks.

 

[THEIS]

Hi,

Except that the client base is actually getting larger based on conversation yesterday with my ATF liaison about the data they are seeing in the annual firearms manufactured reports that just started being submitted for 2020.

The theoretical impending restrictions would cause more gun owners to commit to a pro 2A banking institution. Such institution would not count on customer base that supports such restrictions, so in essence...the tighter the implied gun ownership restrictions the more push for such a banking institution., IMO.

Just look at firearm sells in the average election cycle year due to panic of theoretical impending restrictions yet those restrictions pretty much never come to fruition. Those same panic purchasing gun owners are the same base to cater to for such banking establishment.

Sincerely,
Theis

 

[Choid]

Hi,

Except that the client base is actually getting larger based on conversation yesterday with my ATF liaison about the data they are seeing in the annual firearms manufactured reports that just started being submitted for 2020.

The theoretical impending restrictions would cause more gun owners to commit to a pro 2A banking institution. Such institution would not count on customer base that supports such restrictions, so in essence...the tighter the implied gun ownership restrictions the more push for such a banking institution., IMO.

Just look at firearm sells in the average election cycle year due to panic of theoretical impending restrictions yet those restrictions pretty much never come to fruition. Those same panic purchasing gun owners are the same base to cater to for such banking establishment.

Sincerely,
Theis

I don't doubt that the client base is bigger now than it was before. I am not sure if gun control measures will come to fruition, for the reason you observe, at a consumer level. I think it is nearly certain that the lawful protection law will be removed. More to the point, however, is that this is almost certainly a temporary removal from the high risk category especially given the way the current government is seeming to act through EA. We will see. I would not touch the consumer firearms business with a ten foot pole these days. The risk reward ratio is just not there.

ETA: If it was a stretch to assume the marginal gun buyer would vote solely on 2a lines, then a fortiori it would be a mistake to assume they would upend their banking relationships to change because of a new found devotion to the second amendment. The number of people who live their lives for the 2a is smaller than one would expect from an echo chamber such as this.

 

[_Windrider_]

I don't doubt that the client base is bigger now than it was before. I am not sure if gun control measures will come to fruition, for the reason you observe, at a consumer level. I think it is nearly certain that the lawful protection law will be removed. More to the point, however, is that this is almost certainly a temporary removal from the high risk category especially given the way the current government is seeming to act through EA. We will see. I would not touch the consumer firearms business with a ten foot pole these days. The risk reward ratio is just not there.

ETA: If it was a stretch to assume the marginal gun buyer would vote solely on 2a lines, then a fortiori it would be a mistake to assume they would upend their banking relationships to change because of a new found devotion to the second amendment. The number of people who live their lives for the 2a is smaller than one would expect from an echo chamber such as this.

That law will not be removed. The implications to other industries far outweighs its benefit to the gun sector. That law is the equivalent of people being able to sue Boeing because a 757 and a 767 were used to attack NY.

 

[lariat]

Hi,

So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

One that will offer full range of Treasury services online so members do not have to be near the bank.
One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

Sincerely,
Theis

Well, it would be nice to not self-finance every little expansion project. Even trying use an LOC will get some bad looks if they find out. Kind of stupid to make the high risk excuse - oil is more risky over the long-term, but those loans run deep.

 

[Choid]

That law will not be removed. The implications to other industries far outweighs its benefit to the gun sector. That law is the equivalent of people being able to sue Boeing because a 757 and a 767 were used to attack NY.

I agree the law is a good one, but I don't think that repealing it would lead to any change in liability in other sectors. And I think it is a law that is easy to demagogue, thus easier to repeal than a ban on civilian ownership of something would be.

 

[Blue Sky Country]

 

[diverdon]

We also need to start a SH stock "Run Up/Hedge Fund Destruction" buying group.

Tired of the Autistics having all the fun while us Normies sit here beating our keyboards with fantasies of glory.

Yeah, being on the plus side of one more good short squeeze would be good.

 

[oldiephrt]

ploy to cause excessive debt then pull out rug.

 

[Sean the Nailer]

First Second National Bank and Trust

on Third Street.

Yes, I'd open a few accounts at a bank such as this. And probably invest in it, too.

 

[Franko]

I could see it for basic financial services and maybe even insurance products.

No loans.

 

[TheHorta]

Horta Bank & Trust

“In NODs we trust.”

 

[Austan]

I expect this new online bank will have a low percentage (0-1%) member to member money transfer option to use for online forum purchases, so we can say goodbye to paypal forever.

 

[Romeo458]

Isn't that what our politicians say?

I'm in

If I'm going to be made a terrorist, then I want to make money at it.

 

[Choid]

My understanding is that the second we get a new head of OCC, the high risk label is going back on.

 

[stello1001]

Hi,

Hoplite Credit Union, lol.....
Now onto the real questions, lol...
State Chartered or Fed Charter?
Investors for the banking adequacy report to file with Office of Currency Comptroller and FDIC.
Business plan with endorsement from OCC.
And the rest is legalese and documents, lol.

In all seriousness....someone needs to do this now that the High Risk category has been removed officially!!

Sincerely,
Theis

With Abbot claiming to want to make TX a 2a safe haven, it only makes sense to do this in TX. Definitely state chartered, never involve the feds!

Let me know when you're going to start this, ill drop everything to help with anything and everything.

 

[THEIS]

With Abbot claiming to want to make TX a 2a safe haven, it only makes sense to do this in TX. Definitely state chartered, never involve the feds!

Hi,

LOLOL Abbot is a joke....

I brought a proposal to him and the Texas Economic Development Board that would have cemented Texas as the leading State for International Military and Defense equipment manufacturing, brokering, holding and logistics in the USA.

USA Chamber of Commerce along with multiple Domestic and International Defense Industry companies wanted to launch an International Defense Industries Manufacturing Complex outside of Houston. Harris County Mayor was giving the land at no charge to the Complex.

Abbot DEMANDED that DPS and any other State agency he gave permission to would be able to go into any of the businesses and demand any and every document that he wanted them to get even though ALL the companies would have Federal licenses, permits and inspections.

Sincerely,
Theis

 

[1moaoff]

Wtf

 

[The D]

Hi,

So with the recent move by Feds to remove the firearms industry out from under the "High Risk" category in terms of banking; when are we going to see a Firearms Industry/2A "exclusive" Bank open up?

One that will offer full range of Treasury services online so members do not have to be near the bank.
One that will makes it money from monthly membership fees as part of the risk mitigation of making low interest rate loans to efg gun store.
One that will have its' own FFL in order to legally repossess firearms from said manufacturers and dealers as part of the risk mitigation plan.


Just saying, lol..there are some wealthy members here along with some very smart business people here....And there is definitely a customer base here......

Sincerely,
Theis

If nobody can open a truly gold backed, 100% reserve bank in the states, how would a firearm centric bank be allowed? I love the idea however

 

[THEIS]

Wtf

Hi,

There is a reason we moved Hoplite Arms from Houston to middle of nowhere Louisiana.
Was not going to pay another dollar to the State of Texas in taxes and such.....

As soon as we have production model rifles going I will revive the proposal. The Parish Economic Development Board here has already granted 100 acres for such proposal....

Sincerely,
Theis

 

[THEIS]

If nobody can open a truly gold backed, 100% reserve bank in the states, how would a firearm centric bank be allowed? I love the idea however

Hi,

A member driven/owned institution....back customers cash with ammunition and ammunition components

Sincerely,
Theis

 

[The D]

Hi,

A member driven/owned institution....back customers cash with ammunition and ammunition components

Sincerely,
Theis

Currency backed by gold, silver, & primers. I like it

 

[Numedal]

Currency backed by gold, silver, & primers. I like it

Surely you mean lead, brass and primers

 

[The D]

Surely you mean lead, brass and primers

Sure, add brass and lead into the mix too. Portfolio diversification and such...

 

[Spock]

Even state chartered banks are also regulated by either FRB or the FDIC. Regulatory burden for a new denovo bank is ridiculous! This is why we are seeing all small family run banks selling to larger institutions. Number of banks nation wide is a third of what it was 15 years ago. It is almost impossible to start a new financial institution and be profitable in today’s world. Half a billion in earning assets is kind of the bare minimum it takes just to cover the costs in compliance and not be under constant letter of understanding from the regulators. All those rules put in for J.P. Morgan, Wells Fargo, chase etc apply to small FIs as well. Only the large survive with their 100’s of employers who do nothing to add value to customers but just to stay ahead of the regulations. There are still plenty of mid sized Local banks that welcome working with, LGSs, smaller ammo manufacturers and gun builders. Just hard for these size banks to deal with the big players in the industry just due to larger loan sizes. There are also merchant service providers (ability to take credit cards) that welcome these business as well.

 

[lariat]

I could see it for basic financial services and maybe even insurance products.

No loans.

What would you define as basic financial services?

 

[Franko]

What would you define as basic financial services?

1. Credit card processing
2. Money transfers along the lines of PayPal

I would aim at the small slices of the market (e.g., guns and firearms related stuff) that have been abandoned by the established players due to "wokeness".

 

[Spock]

What would you define as basic financial services?

No loans = no earning assets. Income from an investment portfolio would not cover costs to stay open. Banks make their money from 2 main areas. Interest income( loans and very safe investments). Non interest income including deposit fees and transactional fees. The non interest income would not cover basic operations

 

[lariat]

No loans = no earning assets. Income from an investment portfolio would not cover costs to stay open. Banks make their money from 2 main areas. Interest income( loans and very safe investments). Non interest income including deposit fees and transactional fees. The non interest income would not cover basic operations

Ding ding. We have a winner. Its the use of the F in Fractional Reserve Banking that keeps the bank lights on AND the economy chugging along.

 

[Spock]

1. Credit card processing
2. Money transfers along the lines of PayPal

I would aim at the small slices of the market (e.g., guns and firearms related stuff) that have been abandoned by the established players due to "wokeness".

There are plenty of smaller players in the cc processing that are more than happy to accommodate this right now. These are not banks but just a tech middleman. P to P transfers are a bit trickier with a more limited set of players. They also have a bigger risk attached as well thus making the fees higher and limits per transaction lower

 

[lariat]

1. Credit card processing
2. Money transfers along the lines of PayPal

I would aim at the small slices of the market (e.g., guns and firearms related stuff) that have been abandoned by the established players due to "wokeness".

I suggest a book - The Innovation Stack by Jim McKelvey. Not necessarily the reason it was written, but it does show plainly that what you are suggesting is still a process that is beholden to banking corporations.

Also remember - credit cards are loans. Regardless of what you do, you have a contract with a bank.

 

[Spock]

I suggest a book - The Innovation Stack by Jim McKelvey. Not necessarily the reason it was written, but it does show plainly that what you are suggesting is still a process that is beholden to banking corporations.

Also remember - credit cards are loans. Regardless of what you do, you have a contract with a bank.

And there in lies the rub. Again a lot of community banks did not abandon this sector and neither did some of the merchant service providers. All FI’s are at the mercy of the Fed and regulation which scares the crap out of me. Most of the huge FI’s bowed out not due to the financial risk but more from not having to be drug throw the mud by the screaming left. At least at this point smaller institutions are not under that same level of public scrutiny.

 

[lash]

I like the idea and would definitely be a member of a credit union based on this model. All the naysayers, especially fudd Choid should take a good look into the mirror and decide right now who you really support. Lots of mouth but afraid to back it?

 

[Spock]

Bottom line As a consumer you need at a minimum a checking account and debit card to play. Choose your local small bank, not credit union as they have caved on this issue. As a business this will Also serve you well. But clearly right now everything can change with a stroke of a pen. VISA and MasterCard also control way to much but so far they have been mostly content to talk the woke talk but not actual restrict transactions

 

[greg1147]

WTF I am a retired electrician not a fucking financial guru fuck those assholes and the greedy mother fuckers looking to fuck
all the middle class workers over

 

[Spock]

WTF I am a retired electrician not a fucking financial guru fuck those assholes and the greedy mother fuckers looking to fuck
all the middle class workers over

Tell us how you really feel lol

 

[stello1001]

Hi,

There is a reason we moved Hoplite Arms from Houston to middle of nowhere Louisiana.
Was not going to pay another dollar to the State of Texas in taxes and such.....

As soon as we have production model rifles going I will revive the proposal. The Parish Economic Development Board here has already granted 100 acres for such proposal....

Sincerely,
Theis

Haha! Yeah i did notice Hoplite was based out of HTX initially but now out of LA.