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Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust (Elias Schisgall/Wall Street Journal) Main Link | Techmeme Permalink

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"uninsured" Lol I really wish tech bros read history books AND bothered to try and take the correct lessons from them instead of the apparent "yes, but when I make these same mistakes it will work out differently this time"