Ingrid White
Appearances
Planet Money
How to start a bank
So congratulations and good luck and we'll be here when to regulate you and also answer questions for you and help you get going. And then they cut the ribbon.
Planet Money
How to start a bank
I also like a good cheese platter and soup with cheese or anything having to do with cheese. You know, I'd be happy to eat it. Totally.
Planet Money
How to start a bank
They reached out to us and our federal counterpart, the FDIC, to, like, discuss with us their plans for opening a bank.
Planet Money
How to start a bank
If none of them had ever been involved in a bank before... we probably would not be interested in chartering that bank because the likelihood that they're going to be successful at it is kind of low.
Planet Money
How to start a bank
Not the real one yet. I mean, the application is very lengthy. Maybe hundreds of pages of documentation. What's your feeling when you first get that big pack of paper?
Planet Money
How to start a bank
And also that they're not proposing to do something that a bank cannot be doing.
Planet Money
How to start a bank
So, for instance, a bank can't go out and start running a tractor company legally. Or, you know, unusual things like that.