/r/FatPeopleHate was engaging in both.
In the end reddit is a private site that can do what it wants. Wikipedia removes things all the time and sites like 4chan remove all sorts of extremely offensive material.
I'm glad the mods of the hate oriented subreddits have been shadow banned, I actually think this shit storm is wonderful and I hope the reddit admins literally pull the plug and shut down. The FPH spammers are complete idiots, buying thousands of guilds and donating money directly to reddit and hurting their cause by vote brigading at the same time. They're sealing their fate.
This whole fiasco has shown the true face of reddit, just a whole bunch of (slightly below) average kids who don't deserve my attention.
I can't wait until reddit dies, but I have no idea where I'll go. I want something like reddit, but more open and transparent, and with a way for users to somehow remove mods.