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Banks know who he is and don’t like the risk profile.
Simple as.
Freedom of association still goes two ways in some places.
You can dislike the system we have without having to resort to conspiratorializing.
The "risk profile" lol. Yes, there are advocacy groups behind the scenes putting pressure and maybe even making threats if these institutions don't follow along. The point being, his insinuation that Nick is "allowed to continue talking about what is ostensibly the most incendiary third rail of American politics" without noting that he is banned from nearly every single Social Media platform except Rumble and X (only recently and due to Musk acquiring X and unbanning him), and he's literally banned from banking and engaging in electronic transactions in USD.
I’m not engaging with the overall argument, just noting that you are not properly characterizing how debanking works with regard to a very public and very controversial person who has had involvement with the law.
Being banned from social media platforms for violating stated policies is not very exciting either.
I think there is a very real tension in a free society in cases like this. Somebody can be deprived at scale by private actors (who have strongly correlated interests and risks) of a key service—banking—for only appearing to be possibly engaged in illegal activity, with no explicit coordination or direct government involvement (regulation does play a role, of course).
We force medical insurers to serve those they would otherwise avoid and we ought to force sports gambling companies to stop limiting the good players, and there’s a whole host of laws on protected characteristics, but in general companies should have some level of choice to refuse service. “Legal discrimination” remains a minefield.
Ironically, the idea I’ve heard expressed by left-leaning technocrats that every American should have a government-provided checking account by e.g. the Fed to make things like tax rebates and such easier and eliminate unbanking could solve this particular issue.
https://www.slowboring.com/p/fed-accounts
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