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It's coming out now because Marc Andreessen of A16Z blew the whistle. What is called "Operation Chokepoint 2.0" is very real. The question is who were giving th
by TacticalCoder 2y ago
It's coming out now because Marc Andreessen of A16Z blew the whistle. What is called "Operation Chokepoint 2.0" is very real. The question is who were giving the orders. You're trying to downplay it simply as "humans make mistakes" but debanking has been used, since the Obama administration (where they started debanking companies selling marijuana legally), to attack people whose views were going against the (back then) establishment.
Aid donated to truckers in Canada? Debanking everyone involved. That's not a "human mistake": these are politicians giving secret orders to banks and banks complying.
Some bankers with very long relationship and trust with their clients that were forced to kick them out blew the whistle too: "It's coming from the very very very top, I'm sorry there's really nothing I can do".
I can understand, for example, your love for the government (even if it's only as long as it's a democrat one) and I can understand your hate for crypto companies, for example.
But it's intellectually dishonest to try to pretend there is "nothing to see here, move along, it's just business as usual".
Note that it's not 100% either that banks are allowed to do that: a court ruled that money moving had the status of speech.
Andreessen tweeted that what these banks teamed up to do, following orders from politicians, was unconstitutional.
There may be lawsuits coming and I don't see it's as simple as: "We're a private company, we do what we want".
KYC / AML doesn't justify using debanking as a tool to push one's political views. It's not why KYC / AML rules were created.
I also really don't understand your angle: something deeply disturbing happened, worldwide (debanking has been used to target political opponents in the EU and in Australia too) and you... Shoot the messengers because you're a democrat?
I'll be fighting for your freedom to speak your mind and for your freedom to move your money but will you fight for mine?
- Take8435 2y agoI'm not a democrat. Think about what you are saying. I give no indication of my political beliefs but you've been quite quick to label me. Seems exclusionary to ideas that are not your own. I'm making an observation about, what seems to me, a coordinated media campaign to mislead people for political purposes.