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It has happened before and recently too, so it wouldn't be exactly be shocking. Sneaked in with other stuff, they told the banks to fuck with sellers of Tobacco

by im3w1l 6y ago

It has happened before and recently too, so it wouldn't be exactly be shocking. Sneaked in with other stuff, they told the banks to fuck with sellers of Tobacco, Porn and Drug paraphernalia. > Operation Choke Point was a 2013 initiative of the United States Department of Justice[1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies believed to be at a high risk for fraud and money laundering. > This operation, disclosed in an August 2013 Wall Street Journal story,[2] was officially ended in August 2017,[3] and the FDIC settled multiple lawsuits by promising to Congress additional training for its examiners and to cease issuing "informal" and "unwritten suggestions" to banks. https://en.wikipedia.org/wiki/Operation_Choke_Point https://en.wikipedia.org/wiki/Operation_Choke_Point

nobody9999 6y ago
I said: >If the government were to attempt do as you suggest, the courts would slap them down hard. The issues around Operation Choke Point[0] that you linked to were investigated by Congress and the Department of Justice and, as I said, smacked down hard. The above isn't analogous to the current situation, but the result was exactly as I said it would be. Thanks for making my point for me. [0] https://en.wikipedia.org/wiki/Operation_Choke_Point https://en.wikipedia.org/wiki/Operation_Choke_Point
- nullc 6y ago
  Some elements of Operation Choke point were shut down hard, others never even got enough due process to see their day in court. We recently made the prime actors of one of these initiatives the vice president. ( https://reason.com/2019/08/26/secret-memos-show-the-government-has-been-lying-about-backpage/ https://reason.com/2019/08/26/secret-memos-show-the-governme... )
  - nobody9999 6y ago
    So what? How is that relevant to Stripe? They aren't the government. They're not even one of the top ten biggest payment processors. I can only conclude that you're not arguing in good faith. More's the pity.

by im3w1l 6y ago

nobody9999 6y ago

I said: >If the government were to attempt do as you suggest, the courts would slap them down hard. The issues around Operation Choke Point[0] that you linked to were investigated by Congress and the Department of Justice and, as I said, smacked down hard. The above isn't analogous to the current situation, but the result was exactly as I said it would be. Thanks for making my point for me. [0] https://en.wikipedia.org/wiki/Operation_Choke_Point https://en.wikipedia.org/wiki/Operation_Choke_Point

nullc 6y ago
Some elements of Operation Choke point were shut down hard, others never even got enough due process to see their day in court. We recently made the prime actors of one of these initiatives the vice president. ( https://reason.com/2019/08/26/secret-memos-show-the-government-has-been-lying-about-backpage/ https://reason.com/2019/08/26/secret-memos-show-the-governme... )
- nobody9999 6y ago
  So what? How is that relevant to Stripe? They aren't the government. They're not even one of the top ten biggest payment processors. I can only conclude that you're not arguing in good faith. More's the pity.