Summary
A new report details how nine major U.S. banks debanked businesses and individuals for political reasons. It started with the Obama administration’s Operation Choke Point. This article details how regulators were able to make this happen with merely the suggestion. In Washington, power is most potent when it’s least visible. A statute can be read, a regulation challenged, an order defied in court. But a regulator’s arched eyebrow leaves…
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.