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Posted on 08/10/2025 12:00:24 PM PDT by E. Pluribus Unum
Most Republicans and Democrats would agree that nobody should be denied access to financial services because of politics or religion. That’s essentially what President Trump’s executive order on Thursday declares, though preventing “debanking” may require Congress.
President Trump’s family business sued Capital One this year for allegedly closing the company’s accounts after the Jan. 6, 2021, riot and claimed other large banks rejected $1 billion in his cash deposits. We can’t confirm his claims, but people across the political spectrum in recent years have said their accounts were cancelled for unexplained reasons.
Venture capitalist Marc Andreessen last autumn said he was aware of 30 tech entrepreneurs who were “debanked in the last four years.” The Alliance Defending Freedom keeps a list of de-banked conservative groups. The Blockchain Association has identified “more than 30 concrete cases” of de-banking owing to “involvement in the digital asset industry.”
Banks admit to de-banking, though they fault their regulators. Much as Biden officials pressured social-media companies to censor dissenters during the pandemic, bank examiners have pressed banks to cut off certain groups, businesses or individuals.
(Excerpt) Read more at wsj.com ...
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“though preventing “debanking” may require Congress. “
A bill has been presented in committee.
Do they tell the one cut off that that was the reason?
Fire those regulators and lock them up!
Pronto.
Justice waits
This is the direct result of Obama and Biden leaning on banks to shut down the NRA and people they don’t like. Banks will do what they gotta do to stay in biz.
Yes a law is needed to stop these abuses. It should be written into the constitution.
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