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11 sats \ 3 replies \ @Car OP 8 Aug \ parent \ on: Reactions to Trump’s Debanking Executive Order - Nic Carter post Politics_And_Law
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.
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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Marc Andreessen on Rogan
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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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