R A W S A L E R T S
@rawsalerts
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54m
🚨#BREAKING: Capital One and KeyBank face deposit freezes in NYC for their failure to submit plans to eradicate discrimination
Donald J. Trump
@realDonaldTrump
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1h
A very interesting situation is taking place. While I was in office, Bill Barr, as Attorney General, was very slow & unenthusiastic about going after Joe & Hunter Biden regarding their possible criminal activity. Much was being reported in the Media. It was hard getting him to move, but I always felt he believed you just don’t go after Presidents, V.P.’s, & Presidential Candidates very cavalierly. I understood that, & was sort of OK with it. Now Biden thugs want to indict me, for NOTHING!
This is INSANE!
New York City’s Banking Commission on Thursday punished banking giants Capital One and KeyBank for not filing anti-discrimination plans with the city.
New York City Comptroller Brad Lander issued a release headlined that the commission voted to “freeze NYC’s deposits” at the two banks.
“The headline is a wobbly one, given the recent banking system chaos. But, the detail is oh-so NY,” Eamonn Sheridan commented on Forexlive.
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The freeze has nothing to do with the soundness of the banks, but their compliance with a New York City edict that anti-discrimination plans must be filed. The commission’s action means no more city money will go into Capital One and KeyBank.
Three other banks that wanted to be designated as banks that could hold the city’s cash — International Finance Bank, PNC Bank, and Wells Fargo — were rejected for the same reason.
Since banks try to maximize their profits, they only discriminate based on competence and credit worthiness. What N.Y.C wants is for banks to hire and make loans to minority applicants, even if they are less qualified and more likely to default. https://t.co/q20IG75ITO
— Peter Schiff (@PeterSchiff) May 25, 2023
https://www.westernjournal.com/banking-commission-freezes-deposits-capital-one/