Reality just keeps trying to out-Babylon the Bee:
Democrats Pledge To Fight Trump Rule Ensuring Banks Won’t Refuse Service To Conservatives
The Federalist | 01/19/21 | John HirschauerIn its final days, the Trump administration [sought] to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy.
A regulation [finalized on January 19, 2021] aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns.
The proposed Fair Access to Financial Services Rule (FAFSR) is a response to successful pressure campaigns waged by environmental groups and congressional Democrats, which culminated in every major American bank refusing to finance drilling projects in the Arctic National Wildlife Refuge (ANWR), despite such drilling being authorized by President Trump in 2017.
Firearms dealers, oil producers, payday lenders, and workers in other controversial industries have had their access to capital stunted by these campaigns, which are often aimed at the circulatory system of the economy – the banking industry.
By Dec. 1 [2020], every major American bank had announced its refusal to finance drilling in the region, despite it having been authorized for development by Congress.
“Unfortunately, while [Operation Choke Point] is no longer in place under President Trump,” Lipsey wrote, “the financial institutions continue to discriminate against [firearms dealers] and systemically attempt to pick and choose the types of legal products they will tolerate their customers’s manufacturing and selling to law-abiding Americans. “Operation Choke Point has effectively been privatized, away from the purview of elected officials and the voters they represent.”
Coming next week:
Customer at ATM Asked To Cast Vote in Upcoming Election Before Cash Withdrawl Transaction Can Be Processed
And already here:
Morgan Lewis Ordered To Turn Over Trump Docs in Tax Probe; Firm Will End Representation
ABA Journal | January 21, 2021 | Debra Cassens WeissMorgan, Lewis & Bockius announced Wednesday that it will be dropping former President Donald Trump and the Trump Organization as tax clients.
My internet connection went down last night and my first thought was the gubmint shut me down. I was relieved to find that it was widespread. That sounds paranoid and deranged, but so did the events of 2020 a year ago.
It is times like these that thoughts of rebellion seem more plausible.