Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Well, there was an attempt at it. There was a startup run by one of the best startup guys I've ever seen, Dave Wright, called Reserve Trust, which managed to actually get a fed account. I think some people in power caught wind of it, and it ended up with congressional testimonies and a lot of other problems before it basically got shut down.


seems like there was a conflict of interest where a fed high up helped them get a fed master account while also serving in the company’s board

https://www.bankingdive.com/news/kc-fed-has-revoked-reserve-...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: