Skip to comments.15 States Threaten To Pull $600 Billion From Banks That Won’t Give Equal Service To Energy Industry (from November 30)
Posted on 12/20/2021 12:10:29 PM PST by bitt
Fifteen state financial officers sent a letter to U.S. banks last week noting $600 billion in assets they pledge to take elsewhere if the financial institutions embrace corporate wokeism and prohibit financing to the fossil fuel industry.
Led by West Virginia Republican Treasurer Riley Moore, the group promised “collective action” in the form of an “economic boycott.”
“Just as each state represented in this letter is unique in its governing laws and economy, our actions will take different forms,” they wrote in the letter obtained by The Federalist. “However, the overarching objective of our actions will be the same – to protect our states’ economies, jobs, and energy independence from these unwarranted attacks on our critical industries.”
Signatories to the letter putting banks on notice include chief financial officers from Arizona, Arkansas, Idaho, Louisiana, Missouri, Nebraska, North Dakota, South Carolina, South Dakota, Utah, Wyoming, Alabama, Texas and Kentucky, in addition to West Virginia.
“How can we as states get dollars from severance taxes and then park it in banks that are at the same time trying to diminish those dollars by trying to boycott our industries?” Moore said in an interview with The Federalist. “This is just more of the same from these woke capitalists, globalist interests out there when it’s them trying to dictate to us the way we need to live our lives.”
Asked why more states haven’t joined the letter, considering at least 22 state financial offices are run by Republicans, Moore said it was a consequence of standard hesitancy.
(Excerpt) Read more at thefederalist.com ...
States vs states. Maybe we do see the US split up in our lifetime.
All red state governments should take their monies out of these Dementia Joe backing, deranged far left banks.
The USA doesn't need to split-up. It only needs states to radically assert their Constitutional sovereignty - ALL of which has been hijacked by Fed.gov, now with Woke Leftists in control.
All U.S. banks "be woke" by design since they are run by a Globalist private monopoly authorized by the Federal Reserve Act.
So because of this, THERE ARE NO ALTERNATIVE BANKS TO SWITCH TO.
GO BIG RED!
Every conservative should pull their money from the banks. Make it hurt.
Smart move and the only mistake was the answer to the question about why more states hadn’t joined. A better answer would have been: “You’ll have to ask them.”
Never threaten to do something. Just do it and let the chips fall where they may afterwards.
The most significant states that I notice is missing are Alaska, Oklahoma and then PA. I believe that the largest oil/gas producing states are TX, LA (named) and AK and OK (absent) as far as I know. There are some large states that are involved with fracking that I am missing.
Its not hard, its impossible since all banks in the US must be sanctioned by the Federal Reserve.
Saul Alinsky's students from the 1960's now control the proverbial "levers of power" and are using them to destroy America from within.
I bank with USAA. It is as conservative as they get.
Plenty of new banks have been and continue to be created.
Why in the trailer park hell is my state not on that list? C’mon TN. You got the most solvent well funded pension fund on the planet , worth billions. Join the party so......Oh I forgot we have a perineal follower for a Gov. Maybe somebody needs to rattle his cage on this one.
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