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This was actually a significant problem during the Biden administration. The rules were so vague that de-banking could be used in whatever context the administr
by lazyeye 1y ago
This was actually a significant problem during the Biden administration.
The rules were so vague that de-banking could be used in whatever context the administration found convenient. Apparently many companies were pushed offshore as a result.
Andreessen/Horowitz talk about it here
https://m.youtube.com/watch?v=n_sNclEgQZQ https://m.youtube.com/watch?v=n_sNclEgQZQ
- JumpCrisscross 1y ago> rules were so vague that de-banking could be used in whatever context the administration found convenient But the courts were a check. The precedent the current administration has set is for summary debarking in the future in exchange for e.g. not being investigated for securities fraud.
- deleted 1y ago[deleted]
- lazyeye 1y agoIf you watched the video you would know that the anecdotal evidence was precisely the opposite.
- shadowgovt 1y ago[flagged]
- lazyeye 1y ago[flagged]