Posted on 01/21/2021 10:29:04 PM PST by Skywise
In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy.
A regulation just finalized (update) aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns.
The proposed Fair Access to Financial Services Rule (FAFSR) is a response to successful pressure campaigns waged by environmental groups and congressional Democrats, which culminated in every major American bank refusing to finance drilling projects in the Arctic National Wildlife Refuge (ANWR), despite such drilling being authorized by President Trump in 2017. ------ Firearms dealers, oil producers, payday lenders, and workers in other controversial industries have had their access to capital stunted by these campaigns, which are often aimed at the circulatory system of the economy – the banking industry. Oil companies spent decades working through traditional Washington channels – engaging in full-press lobbying, writing white papers, and, of course, offering generous campaign contributions to sympathetic legislators – to obtain permission to drill in ANWR...
(Excerpt) Read more at thefederalist.com ...
Cost of living, inflation, oil shortages, gas lines, food lines, climate change., no growth, moral rot, medical overseers, essential versus non essential...how does one bring hope and change when there’s a planned economic crash?
How does one rebuild in a faked pandemic? How does one seek love, joy, happiness when they closed so many businesses and have made even singing in a church illegal?
How does America escape the purge? . Someone gave me this quote today,
“The best revenge is a life well lived.” Chloe Neill.
banks do business with the public, BAKE THE CAKE! Courts have ruled-
Bake the cake. He is a she. Play the Dixie Chicks. Unity.
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