Apr 3, 2023
In this episode I sit down with David Thompson, managing partner at Cooper & Kirk. We cover the emergence of Operation Choke Point 2.0 and what recourse can be sought by the industry. In this episode:
- Cooper & Kirk's track record and reputation
- The story of Choke Point 1.0 and how Cooper & Kirk helped end it
- How was OCP 1.0 resolved?
- Why Cooper & Kirk wrote their recent white paper on OCP 2.0
- Differences between Choke Point 1.0 and 2.0
- Inconsistencies in FDIC Chair Gruenberg's Congressional testimony
- Why David thinks that a complaint on due process grounds might be the best option for affected firms
- Relevant constitutional protections
- How OCP 2.0 might resolve
- The fate of the SPDIs
- Possible violations of the Administrative Procedures Act by the Fed
- How SCOTUS might rule on this issue
Further reading: