Books and brokerages serve the same purpose. They provide a means to risk one's money.
I have an account with tradeking.com. These guys dont have there own bank so they go through the bank of new york. There each individual account holder has an account via tradeking. This makes wires and withdrawals very easy to request and receive.
There has to be some way around the current laws. Why wouldn't the books all band together and begin their own bank, that catered to the specific needs of a gaming operation?
Then I could just go to that BofA and wire money to myself at the Bank of Antigua. If i wanted to withdraw I could send money form the BofA to the BofA.
I guess I'm wondering what the books are going to come up with to combat what is and obvious loss of depositors.
gl
I have an account with tradeking.com. These guys dont have there own bank so they go through the bank of new york. There each individual account holder has an account via tradeking. This makes wires and withdrawals very easy to request and receive.
There has to be some way around the current laws. Why wouldn't the books all band together and begin their own bank, that catered to the specific needs of a gaming operation?
Then I could just go to that BofA and wire money to myself at the Bank of Antigua. If i wanted to withdraw I could send money form the BofA to the BofA.
I guess I'm wondering what the books are going to come up with to combat what is and obvious loss of depositors.
gl