There's a proud tradition in the Minneapolis area of pirate radio. People have been thumbing their noses at the FCC since it's inception a century ago. I can think of a few things FCC stands for....
We'd like to start a low power FM (LPFM) station here but guess who isn't allowing any more applications.
You're right, if they ever nail you for an unlicensed broadcast, you can forget about ever being annointed with a license of any kind.
http://www.dxing.com/pirate.htm
Lee