Working either through the charter movement or the home schooling movement would enable a tablet textbook project to start small, yieldimmediate returns to participants, and scale easily, while largely ignoring the interests of incumbent institutions.
However, with the Fed currently paying interest on reserves at a rate far above the Treasury yield curve, it is not clear that there would be much immediate impact.
The immediate outlook for trading, capital-raising, merger deals and for the fees they yield to City firms is the worst it has arguably been for decades.