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Comment by lmm

1 year ago

> This did not avoid https://en.wikipedia.org/wiki/Nigel_Farage_Coutts_bank_scand...

I almost wrote about that case, but my post was getting long enough already. He was denied the fancy account he had and offered a basic account. Obviously you can have concerns about that (and note that this was a scandal, and ultimately brought down that bank's CEO), but it's certainly orders of magnitude less bad than being denied access to the banking system entirely.

> at some point you have to accept that the public are also ultimately responsible through the ballot box

Up to a point. Abusing some small minority is a well known failure mode of democracy, especially if you can paint that minority as bad people. And arguing that the public shouldn't be outraged about this because the public obviously approved of it is circular and backwards. Who do you even vote for to express outrage at debanking? It seems like the sort of thing that the CFPB should be stepping in to stop, so you vote D, but if you believe what the article wants you to believe (you shouldn't) then the problem is FINCEN so maybe you vote R and hope they dismantle it? IDK, flip a coin?