Comment Re:Somehow, real banks manage (Score 1) 53
Somehow, KYC has never been a problem for real banks and their customers.
That's some fucking bullshit right there.
I tried to open a checking account for one of my kids. I've banked at that institution for decades. Kid in question has had a savings account at that bank for years. It took a fucking hour because of all the hoops that had to be jumped through. Lest you respond with "your bank sucks," my wife tried to open an account for another one of our kids at the bank she has used for decades. We left after 90 minutes, still no account set up.
The post 9/11 banking environment is a shitshow.