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The main problem here is the fact that states can regulate banking instead of having one license you need 52.

But that would require a huge reform of the USA's political system which is never going to happen.



That is a significant problem. However, the corruption problem remains on top of the list. Just look at the description of the New York system. That's a racket and worse than many I've read about. Didn't happen accidentally.

So, you have the corruption-driven blockades at federal and state-levels along with the natural regulation that will exist at either level. Quite a pain to deal with.




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