Debanking relates more to the costs of regulatory compliance and consequences of politically driven regulatory abuse. In short, it is an issue of individual property rights and freedom of association.<p>Injecting "MAGA" into the discussion feels a bit inflammatory. The pattern is for the state to expand power by targeting the groups perceived as being on a vulnerable fringe. Over the course of decades the pendulum will swing across the aisle. Various groups are targeted opportunistically. Precedents are thereby established.<p>It wasn't long ago that elements of the US right-wing were celebrating the "Patriot Act" and the targeting of Islamic communities. Over the past few years, the same anti-terror legislation, scaremongering and entrapment techniques have been focused on the dissident right.<p>It wouldn't be unreasonable to expect the pendulum to swing again. I hope that the specific identities of the targeted groups doesn't distract from the overall trend. The illiberal instinct isn't unique to one vaguely defined end of the political spectrum.
<a href="https://x.com/nic__carter/status/1868700363601199394" rel="nofollow">https://x.com/nic__carter/status/1868700363601199394</a><p><pre><code> 1) incorporation of reputational risk into supervisory bank ratings
2) elimination / effective prohibition of specialist banks
3) incorporation of "stakeholder capitalism" into bank supervision
4) veil of secrecy via Confidential Supervisory Information
5) usage of verbal guidance in regulation</code></pre>