Posted on 08/20/2025 10:50:09 AM PDT by yesthatjallen
In the wake of President Donald Trump's executive order outlawing debanking, major bank executives told Fox News Digital that they were under pressure by the Obama and Biden administrations to deny services to individuals and businesses for political reasons.
"Those pressures were very, very real. When your regulator gives you a suggestion, it’s not a suggestion, it’s an order. The political stuff is very real, those pressures are real," a senior banking executive told Fox News Digital.
Debanking refers to the practice of banks closing accounts or denying services to individuals or businesses, often with no explanation. The practice originated as part of federal anti-money laundering laws and regulations. An entity can be debanked after its transactions are marked suspicious, but in recent years, conservative and religious groups have accused banks of discriminating against them for their beliefs.
Fox News Digital spoke with two executives at leading U.S. banks, who asked to remain anonymous, fearing reprisals.
The executives said that ambiguity in federal laws was exploited by regulators under the Obama and Biden administrations in order to pursue political objectives. According to one executive, banks were pressured to deny services to certain industries as part of Operation Choke Point and Operation Choke Point 2.0.
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(Excerpt) Read more at foxbusiness.com ...
Everyone knew it was the democrats so why didn’t have press conference and tell the world what the scum criminals were doing
I don’t see how anyone not evil, stupid, or lazy can vote Dem unless the party renounces this and limiting free speech. I don’t intend to spend any time with such people.
No punishment is too harsh for Zero and his fellow travellers that tried to overturn our Rights and spit on our Republic.
Its hard not to be angry but their day is Coming and I am patient.
Don’t forget Maxine , now go after her
They used government resources for personal and political gain, and to make political attacks.
All those that followed those orders should be subject to criminal prosecution for government fraud and abuse. Those that gave the order should stand trial for sedition.
I am very heartened by those coming forward , now, knowing they don’t have to participate in those evil schemes...it’s a good day in America
so Banks like the democrats can’t tell the difference between Right and Wrong
Now do how the major investment banks (the ones who manage YOUR 401(k)) used their power and cash flow to direct all sorts of companies to meet a ”their” definitions of DEI and climate control.
Money is what makes the world go ‘round. And these large investment firms control what companies survive and those who get tossed to the wayside.
Blackrock’s Fink, was the catalyst for this crap. He was the origin of social conformity thru access to market capital and banking.
So NOW they admit they are cowards and minions.
Great commercial guys.
They all should lose their banking charters.
Democrats wonder how their party died a slow painful death.
Some things are just earned and it’s a good deal for all.
This nation has endured an all-out attempt to destroy it through anarchy, riots, unchecked immigration, and government lockdowns. All inflicted upon the American people by government. The phony pandemic and the man-made warming hoax opened the door to censorship, and an acceptance of censorship.
Then came the de-platforming and de-banking of Americans who objected to this betrayal. What a nightmare the last 25 years have been.
They’ll use the Covid jab defense. Hey, we didn’t tell you that you had to debank them. We may have slightly used the force of government to really encouraged it, but the banks didn’t HAVE to do it...
This meets the legal definition of terrorism. Seriously.
Maybe the little banks are complaining, but for BOA and Chase it was probably a pleasure rather than a burden to throw their weight around.
My bank during the Obama years was showing photos of Obama on a big screen behind the teller stations ( along with other banking info and federal banking laws). Like a big brother thing. Dear leader. I don’t remember seeing Trump or Biden on their big screen.
Shows you what kind of Criminal Trash they are
There doesn’t seem to be anything illegal about it since there are no criminal investigations.
Pres. Trump should throw a scare into the banks and Dims by telling the banks to end business with anyone who gives money to Hamas or anyone who gives money to anyone who supports Hamas or any other terrorist or criminal organizations.
The wailing and gnashing of teeth will be like music.
The whistleblowers need to identify the crooked regulators so the investigations can begin.
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