https://comptroller.nyc.gov/newsroom/new-york-city-banking-commission-votes-to-approve-26-depository-banks-for-two-years-limits-new-deposits-at-capital-one-and-keybank
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Live commit: 8b334e1
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New age .
YOU WILL BANK BY OUR RULES.
YOU WILL ROOT OUT THE
REACTIONARIESANTI-NON-DISCRIMINATORIES!YOU WILL BE HAPPY TO BANK AT GOVERNMENT-APPROVED FACILITIES.
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Cultural victory unlocked, it is over for !chuds
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This is a nothingburger
They aren't banning people or businesses from using these banks they're just saying the city itself isn't going to store taxpayer money there anymore
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The Federal Reserve has already set climate change goals for itself. It doesn't matter that it's not at all related to monetary policy like inflation and employment. They simply get to pick and choose banks who follow this plan.
Another "nothing burger."
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i Agree in principle, boring shit like interest rates has way more impact on our lives than random culture war topic of the week.
But in this case we are talking about an insignificant amount of money being moved around
$17 million of NYC government money buys like a couple stop signs lol
Agree that is concerning how random equity nonsense is being taken into account for decisions like this, but the way it's being framed is misleading. Some people seem to be under the impression that they're banning new deposits into these banks by nyc residents or something (which would be very problematic). But this decision only impacts where the city agencies are storing money. every city does shit like this, it's not news. Focusing on non stories like this distracts from the important stuff
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Yeah it's a small amount, and that's good to know , but their choice is ideological and thus biased. We've got a government taking the people' money and dumping into a bank (mainly) because it meets its ideological requirements. Regardless of how financially secure or intelligent the others are, the winners get at the table because they met some arbitrarily r-slurred criteria.
Government at its finest. Where do those officials bank at, I wonder... I hope their financial advisors give three Hail Black Lives Matter 10 times a day.
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Otoh it's heartwarming to see the banks being unapologetic chuds.
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Because they're not doing enough to fight discrimination New York City will not allow deposits at two Banks
!chuds !nooticers this isnt the way
!nonchuds this is the way
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They aren't preventing consooomers or private businesses in NYC from using those banks, this only applies to deposits from government agencies
!nonchuds
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Hahahaha
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Have you posted bussy yet?
Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
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I'm playing hard to get
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