Brexiteer Nigel Farage was de-banked last year for political reasons. While acknowledging he was a commercially viable customer, Coutts bank, part of the NatWest Group, dropped the British politician because of his comparison of Black Lives Matter rioters to the Taliban; his criticism of climate alarmism and his suggestion that “net zero is net stupid”; his “endorsements of Donald Trump”; and other expressions thought unpalatable by the powers that be.
Although Britain has done its best in recent months to clamp down on perceived wrong think, including silent prayer, it is hardly exceptional when it comes to the practice of de-banking.
Marc Andreessen, co-founder of Netscape and general partner at the venture capital firm Andreessen Horowitz, recently told Joe Rogan that scores of tech founders have been de-banked under the Biden administration through a coordinated and politically motivated effort he referred to as “Operation Choke Point 2.0,” an apparent update on a scandalous Obama Department of Justice initiative. In the days since the interview, numerous crypto entrepreneurs have gone online with their own de-banking tales.
The ‘wrong politics’
After explaining that “de-banking is when you, as either a person or your company, are literally kicked out of the banking system,” Andreessen told Rogan that it has hit close to home — his business partner’s father was de-banked.
When asked why David Horowitz, a critic of Islamic and leftist extremism, would have been de-banked, Andreessen said, “For having the wrong politics. For saying unacceptable things.” […]
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