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Trump signs executive order going after debanking
- southernplaces7 1y agohttps://archive.is/VgbNY https://archive.is/VgbNY
- ratelimitsteve 1y agoIf, for the good of the country, the president has to sign an executive order abrogating the right of free association for a private business then that business should be nationalized because obv pursuing the profit incentive is deleterious to the health of the country.
- jzackpete 1y agoby that logic every business in the country should be nationalized, given the existence of the civil rights act
- bediger4000 1y agoHow does this square with the decentralized nature of cryptocurrency? Also, maybe 20 years ago, about 15% of the US public did not have a bank account at all, for various reasons, but including people who were too big of a PITA for banks to deal with. Will this sort of EO force businesses to work with people they don't want to?
- tencentshill 1y agoIt's because they didn't want to work with Trump, it's not about anyone else.
- bediger4000 1y agoThat raises another question. Does this EO mean that banks have to work with someone who's obviously criming? We've got "know your customer" laws, and laws forbidding "structured" withdrawals that are meant to cripple criminal payments. How do we square up banks obeying various laws, and banks obeying an Executive Order that says "nobody drop any customers I like"? Damned if you do, damned if you don't, it looks like.