Donald Trump this week signed an executive order telling banks they can’t “debank” customers based on political or ideological beliefs. It’s a solid step—nobody wants to wake up to find Bank of America decided your checking account violates the Diversity & Inclusion Handbook.
But while it’s a nice win for free speech in finance, it’s also like throwing a single sandbag at a flood that’s been rising for decades.
Because the real problem isn’t just who gets “debanked.”
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Author: Quoth the Raven
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