2 ms·
What about customers that slide into unsavory activity, or customers who you think are doing illegal things, but don't have evidence to prove beyond a reasonabl
by bediger4000 1y ago
What about customers that slide into unsavory activity, or customers who you think are doing illegal things, but don't have evidence to prove beyond a reasonable doubt? Are citizens not allowed to decide not to associate with someone?
I otherwise applaud your commitment to the rule of law.
- SilverElfin 1y agoCitizens as individuals, sure. But banks that are massively concentrated are more like public utilities not individual citizens, in terms of their criticality to a functioning society. They need to be regulated like that.
- evanjrowley 1y agoBoth US banks and utilities are considered critical infrastructure under Executive Order 13636 of 2013. The government is charged with ensuring their resilience and availability to maintain a stable society (in the face of cyber threats). If politics is a risk to stability (I know at least one fortune 100 finance company that does have it in their risk register) then this Trump executive order against de-banking is aligns with the former one from the Obama administration. A defense against de-banking is a bi-partisan win.
- switknee 1y agoHow often do cellphone companies ban drug dealers?