[Eliezer]

> ... if you have the capital and do the paperwork and follow the regs, you can start a bank and get access to the discount window.

Not true. There's this little extra step where first the regulatory authority gets to decide whether your state needs another bank.

[RockyMcNuts]

sorry, I have no idea WTF you are talking about

http://www.federalreserve.gov/faqs/banking_12779.htm

[SilasX]

>>Before granting a charter, the OCC or state must be able to determine that the applicant bank has a reasonable chance for success