MAGA types have a point on debanking

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.

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.

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.

  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