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A comment on Why Banks Are Suddenly Closing Down Customer Accounts. Parent comment

Re:Why Banks Are Suddenly Closing Down Customer Accounts by pas on Monday November 06, 2023 @04:48AM (#38160530)
look, US politics is a shitshow, regulators are beholden to politics, lobbying is a very big influence in the US. from the crazy anti-porn, anti-abortion, anti-gay/trans, anti-welfare xenophobic fundamentalist anti-anything lobby to the anti-gun, super-duper-pro-trans, militantly-feminist, pro-eat-the-rich lobby.

and during all this banking in the US suffers from all the usual problems, it's 50+ regulatory regimes all in one, banking systems are laughably ambivalent old and legacy plus too new and full of bugs, and so on.

it's not surprising that things are not ideal. there's no need for some extreme conspiracy. big banks are user-hostile. just as the police, as healthcare, and so on.

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by Ridj48dhsnsh on Monday November 06, 2023 @05:08AM (#38160678)
Are things like Operation Chokepoint [1] still a conspiracy theory?

It appears to me like a sophisticated and coordinated operation, not the accidental result of bureaucracy.

[1] https://en.m.wikipedia.org/wiki/Operation_Choke_Point

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by pas on Tuesday November 07, 2023 @06:41AM (#38175711)
... it was announced in a public speech on March 20 that year (2013), it was all kinds of bad (very ineffective and probably extralegal, etc)... but it wasn't a secretive conspiracy. (despite what Wikipedia writes.)

https://www.justice.gov/opa/speech/financial-fraud-enforceme...

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by appalp on Monday November 06, 2023 @04:51PM (#38169536)
> crazy anti-porn

Nothing crazy about that. It's very harmful to women, and doesn't do the consumers of it much good either.

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by pas on Tuesday November 07, 2023 @06:47AM (#38175770)
citation needed

this has the same energy as "video games are making us killers", "tabletop RPGs directly lead to Satan (no chance of ever getting back)", "reefer madness, not even once", and so on.

are there negative consequences with regards to women? sure, as with many things.

is it "harmful to women"? oh, yes, maybe we need to put blinders on women and assign a guardian to them to help them avoid this harm!

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by BobaFloutist on Tuesday November 07, 2023 @01:37PM (#38180897)
It's at the least very weird that it's illegal to pay someone for sex unless you pay them to have sex with someone else, record it, and sell the resulting recording.
[ Parent | on HN ]