Official Umar Johnson Thread

[TSCQ]

your better off opening a ice cream stand in Antarctica than opening up a bank with 250k.

 

[atlsfinest]

Not only does it take more than 250k to open a bank(if I misunderstood that, please correct me) and that generally a terrible idea. The risk is outta this world!

What Umar is describing isn't a bank. He's describing a lender. A fundamental part of a banking institution is being able to accept deposits.

What Umar is describing is just Lil Yachty lending people some money lol. No need to even use fancy terminology like "bank"

 

[Mark Antony]

Have they done it? Seems like they can both swing 250k. Any of them have banking expertise?