Posted on 01/31/2025 6:49:13 AM PST by thegagline
Don’t blame us!” *** A couple of globalist bankers, Jamie Dimon, who runs JPMorgan, and his counterpart, Brian Moynihan of Bank of America, are “debanking” — or denying bank services — to conservatives, crypto enthusiasts and other industries deemed politically sensitive.
Or as The Donald put it: “And I don’t know if the regulators mandated that because of Biden or what,” Trump said, calling into the World Economic Forum confab and addressing a gobsmacked Moynihan who was in attendance, “but you and Jamie and everybody – I hope you’re going to open your banks to conservatives, because what you’re doing is wrong.”
***
*** It all began around 10 years ago during the Obama administration, with the former president, famous for bringing progressive hope and change. He began the crackdown on banks over whom they did business with, nominally looking to debank money launderers but also focusing on politically incorrect industries like gun manufacturers.
Obama’s massive fines, if they missed a money launderer or two, forced an over-reaction, these bankers tell me. And yes conservatives were caught in this crossfire given Obama’s obsession with right-wing extremism, the bankers say.
The crackdown took a bit of a break during Trump I, but it was back with a vengeance under Biden, who directed his administrative state to clamp down even more. Biden’s war on crypto, critics alleged, went beyond regulation by enforcement from the Securities and Exchange Commission [Gary Gensler]to include de-banking. The banks began to cancel accounts that contained any whiff of illegality, or controversy, real or imagined, I am told.
*** [T]he people who fell under the microscope seemed to follow a familiar pattern: They were associated with right-leaning groups, or the ultimate bogeyman during the Biden years, players in the $3.5 trillion crypto business.
(Excerpt) Read more at nypost.com ...
BTTT
Perhaps Barron Trump might like to be a banker.
I suspect Daddy already provided him with ample capital.
In part, it is the tools bankers wield that have made it too easy to effect political preferences. Electronic transaction, databases, and search engines have made it easy to identify and take action against particular customers because of their expressed beliefs.
Effectively, Silicon Valley was very well paid to forge the chains of tyranny, eventually to enslave themselves.
NOTHING prevents Congress from revoking their corporate charter and banning them entirely from the Federal Reserve System. It could probably be done by Executive Order since the Treasury is part of the Administrative branch.
This debanking thing is real and sinister.
Unfortunately these banks are the “too big to fail” ones that Congress bailed out with our money.
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