Posted on 06/15/2025 6:11:14 PM PDT by texas booster
Even as other banks are backing down, the bank that debanked us doubles down.
Last spring, 15 state attorney generals wrote to Bank of America warning that its politically motivated debanking targeting conservatives and religious people was under the looking glass.
After taking office, President Trump directly challenged Bank of America CEO Brian Moynihan to stop discriminating against conservatives. “I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank. What you’re doing is wrong.”
But instead of ending its political discrimination, BOA launched a lobbying campaign blaming debanking on too much government regulation. Moynihan denied discriminating against conservatives and claimed that the issue was “anti-money-laundering regulations”.
We know that’s not true because the David Horowitz Freedom Center was debanked by a BOA subsidiary. And we also know that nothing has changed because Bank of America’s customer service agreement still contains a section on “brand damaging activities”, a general term that can be used to target any conservative, and classes “materials that promote intolerance” together with terrorist funding, fraud and pornography. This is not about “money-laundering regulations” but BOA’s choice to selectively target conservatives in its own documents.
BOA’s ESG policy admits that it specifically sets out to discriminate against customers who manufacture firearms, drill for oil or mine for coal, run coal plants and detain illegal aliens for ICE. This latter move is effectively a boycott against the United States government.
(Excerpt) Read more at frontpagemag.com ...
And also making it more difficult for the government to fight illegal mass migration by debanking “companies that provide prisoner and immigrant detention services for U.S. federal and state governments”. None of this has anything to do with “overregulation” or “money laundering”.
“We’re happy to serve anyone,” CEO Moynihan claimed. Anyone who isn’t a conservative.
Bank of America lied. It should face the consequences. Especially because other banks are now getting in line and trying to improve their behavior even as BOA remains a scofflaw. ...
You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!”
Jackson had it right.
Conservatives should start their own banks, using proper banking controls. I think they would be fine.
Both BOA and Well Fargo need to be de-banked,.
Both BOA and Wells Fargo need to be de-banked,.
Why not debank the US Aid NGOs?
Am I wrong or is this not the first time that BOA has been in trouble;under scrutiny?
I don't think so. Lately I've been involved with checking entities against government "sanctions lists", and it's been a REAL eye-opener. Regulations REQUIRE banks to scan new and existing accounts against these lists and, if they don't shut down the accounts located, they face enormous fines. The bank locks up the account and tells the victim that the account is in the process of being "investigated". The "investigation" almost certainly involves the bank asking the sanctioning entity for more information, and that entity just sits on those requests.
Meanwhile the victim is locked out of the financial system.
I'm sure this is how the Canadian government locked up the accounts of the Canadian truckers.
I've concluded that the victim will only have one option, which is to successfully run for political office themselves (if they don't starve to death first).
If it weren’t for the fact my employer has a direct deposit payroll account with BoA I’d avoid them like the plague.
These characters give home loans to illegals.
I do hope they clean up their act just from a justice point of view.
Even if they do, I’d never do business with them, because they did this in the first place. As if general incompetence and abrasive rude behavior weren’t enough reason to avoid them.
Make them start giving you paper checks or open an account at a real bank and transfer funds out of BofA as soon as they hit, IMO. They suck, I wouldn’t trust them to hold on to my money and not eff it up, plus they’re making money off loaning out your money (as do all banks).
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