Ep. 274: Financial censorship: how banks silence speech w/ Rainey Reitman

What is financial censorship? Rainey Reitman joins the show to discuss what happens when people are denied access to financial services because of their lawful speech and conduct. Reitman is the author of Transaction Denied: Big Finance's Power to Punish Speech, which examines the role financial companies like Visa, Chase, and PayPal play in policing speech and silencing speakers.   Timestamps: 00:00 Intro 02:29 Ben Reitman: Rainey's great-grandfather and free speech activist 05:42 How Rainey joined the fight for internet freedom 08:19 Chelsea Manning, whistleblowers, and the WikiLeaks banking blockade 16:11 The National Committee for Religious Freedom's fight with Chase Bank 19:10 NRA v. Vullo: The Supreme Court case on indirect government censorship 21:24 The Wolfsberg Group and global banking institutions 23:51 What is a "politically exposed person"? 25:52 Reputational risk management 27:40 Trump's 2025 executive order on debanking 29:45 Sanctions, terrorism screening, and the impact on Muslim communities 33:04 Why banks are so afraid of sanctions violations 34:10 Can you fight back after being debanked? 35:32 Can the private sector censor? 37:50 Operation Choke Point, cannabis, and crypto 47:25 Why are banks policing porn and adult content? 54:11 Solutions to debanking: incentives, crypto, and cash 59:15 Outro Read the transcript here. Enjoy listening to the podcast? Donate to FIRE today and get exclusive content like member webinars, special episodes, and more. If you became a FIRE Member through a donation to FIRE at fire.org and would like access to Substack's paid subscriber podcast feed, please email [email protected].