News for hackers. Stuff that matters.
Re:The Morality Police in Your Checking Account by hga on Tuesday April 29, 2014 @09:53PM (#7671127)
Just what are you trying to say here, besides pointing out the banking industry is making a significant propaganda effort right now?

Do you think the industry likes the Federal government using lawless means to force them to stop serving whomever is the target de jure?

Is it axiomatic that banks dealing with large sums of money is bad??? (I kinda thought that was their business....)

If this precedent is established and takes roots, where will it stop? What are your objections to their using the soap box to try put a stop to it?

Re:The Morality Police in Your Checking Account by tptacek on Tuesday April 29, 2014 @09:57PM (#7671149)
Can I for once be the origin of a crazy conspiracy theory rather than the annoying guy huffing and griping in the corner and killing everyone's fun?

How about this:

DOJ has launched a project that coordinates with the country's largest banks to constrain and monitor high-fraud businesses; say, porn sites, prepaid cards, and payday loans.

Porn doesn't have a significant lobby.

But payday loans and prepaid cards sure as hell do.

Unfortunately for those lobbies, it's unseemly to write op-eds about how the DOJ and banks are collaborating to suppress the exploitation of poor people.

It is, however, possible to get stories placed about the government's secret plan to create a Morality Police Force to eliminate pornography and, one assumes, any other form of expression the government disfavors.

Re:The Morality Police in Your Checking Account by hga on Tuesday April 29, 2014 @10:02PM (#7671169)
So they're now "high-fraud" businesses, vs. "fraudulent businesses" (https://news.ycombinator.com/item?id=7671113)?

And this must be some new meaning of the word "constrain" I wasn't previously acquainted with. This "operation" appears to be intended to terminate these "undesirable" businesses with extreme prejudice, and without the pesky Rule of Law getting in the way.

Re:The Morality Police in Your Checking Account by tptacek on Tuesday April 29, 2014 @10:06PM (#7671176)
When I called payday loan companies "fraudulent", I was letting my biases show. The more accurate way to describe them is with the phrase I used in my latter comment: a high-fraud business, one that hosts quite a bit of fraud.
Re:The Morality Police in Your Checking Account by hga on Tuesday April 29, 2014 @10:09PM (#7671186)
So an acceptable solution is "Kill them all, God will know his own"? (https://en.wikipedia.org/wiki/Massacre_at_B%C3%A9ziers#.22Ki...)
Re:The Morality Police in Your Checking Account by tptacek on Tuesday April 29, 2014 @10:17PM (#7671211)
If you want to write an impassioned case on behalf of payday loan companies, be my guest. You asked a question: what did the OP mean when it pointed out that this issue was being driven by op-eds from banking lobbyists? I provided a possible answer.
Re:The Morality Police in Your Checking Account by hga on Tuesday April 29, 2014 @10:23PM (#7671239)
My impassioned case is for the Rule of Law.

Do the ends justify the means?

Re:The Morality Police in Your Checking Account by tptacek on Tuesday April 29, 2014 @10:29PM (#7671259)
Investigations and prosecutions of fraud --- OCP includes criminal prosecutions --- are part of the rule of law. Meanwhile, banks profit directly from fraud by collecting transaction fees. The banking lobby wants to convince the government thank the banks will self-police, but the issue at hand is an externality to the banks.

What I'd like to know is, why are EFF and Reason casting this as suppression of pornography? It's the payday lenders and prepaid card scams that are driving the lobbying effort.

Re:The Morality Police in Your Checking Account by hga on Tuesday April 29, 2014 @10:40PM (#7671284)
You know very well if the DoJ was "containing" problems through legit fraud prosecutions nobody would be raising a huge fuss.

(ADDED: one wonder how many of these prosecutions are legit vs. "the process is the punishment" well nigh unlimited budget DoJ vs. likely small fry.)

It's the lawless abuse of regulatory powers---e.g. why the FDIC is part of the operation---to try to shut down entire sectors of the finance industry that has people figuratively up in arms.

Re:The Morality Police in Your Checking Account by tptacek on Tuesday April 29, 2014 @10:46PM (#7671304)
I do not know that very well. In fact, I don't think that's true at all.
Re:The Morality Police in Your Checking Account by gnoway on Tuesday April 29, 2014 @10:51PM (#7671318)
Maybe EFF and Reason jumped the gun/got duped?
Re:The Morality Police in Your Checking Account by hga on Wednesday April 30, 2014 @08:40AM (#7672860)
Given that both explicitly mention payday lenders, I would say not, they're just adding their weight to the current propaganda effort.

The EFF's motive would seem to be obvious; after talking about the porn star situation, they note an online case:

"This is particularly troubling because “pornography” itself is subject to interpretation. While the crackdown currently affects mainstream, prominent performers, it could quickly turn into a bank account ban for radical and feminist porn. We’ve seen examples of this in the past. For instance, Cindy Gallup, who hopes to revolutionize pornography and cultural acceptance of human sexuality through her website MakeLoveNotPorn.com, struggled to find any bank that would do business with her in the United States. Artists of all stripes should be concerned about this unnecessary encroachment on free expression."

And then they immediately segue to Operation Check Point with its less sympathetic victims.

Reason is the the leasing popular libertarian journal of opinion, they have no reason (sorry) whatsoever not to defend payday loan companies and other free market entities our betters frown upon. Their second paragraph jumps right to Operation Check Point and lists these as "undesirable" lines of business it's suspected as attacking, "payday lenders, ammunition sales, dating services, purveyors of drug paraphernalia, and online gambling sites", every one of which they unquestionably defend as a class. Leading off with payday lenders is telling, I'd say.

Re:The Morality Police in Your Checking Account by dkural on Tuesday April 29, 2014 @11:27PM (#7671437)
Don't you find it offensive that you're purposefully misled by the two industries - who prefer to not defend themselves directly and instead use Porn as the innocent victim?
Re:The Morality Police in Your Checking Account by hga on Wednesday April 30, 2014 @07:42AM (#7672654)
Not at all. The general principle is the defense of the Rule of Law, and of course those fighting for it are going to use the most sympathetic victims as leading examples.
Re:The Morality Police in Your Checking Account by betterunix on Tuesday April 29, 2014 @09:57PM (#7671143)
Not that I want to that guy, but...

"If this president is established and takes roots"