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183 sats \ 4 replies \ @Bell_curve 7 Aug \ on: Reactions to Trump’s Debanking Executive Order - Nic Carter post Politics_And_Law
Obama started this madness with Operation Chokepoint
This EO will force banks to be transparent about why a customer is expelled
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11 sats \ 3 replies \ @Car OP 8 Aug
Trump’s EO bans “politicized or unlawful debanking” and orders agencies to roll back guidance but as Nic points out, it’s still exposed to loopholes and regulatory choke points.
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21 sats \ 1 reply \ @Bell_curve 8 Aug
At least now conservatives or anyone with wrong political views or affiliations have recourse if a bank cancels their account.
I think the worst offenders are the 4 largest banks by deposits but I have to double check
Marc Andreesen explained the problem to Rogan last year. I will try to find the clip
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0 sats \ 0 replies \ @Bell_curve 9 Aug
https://www.zerohedge.com/political/marc-andreessen-tells-joe-rogan-why-he-backed-trump
Marc Andreessen on Rogan
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0 sats \ 0 replies \ @Bell_curve 8 Aug
The biggest problem with Operation Chokepoint is that banks could cancel your accounts with no notice or explanation - that was the genius behind it: debank people and businesses Obama hated w/o admitting Barry made us do it
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