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...
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