Free Republic

A Florida bank announced on Thursday that they have closed President Donald Trump’s bank accounts. Trump’s money-market accounts at Banks United held between $5.1 million and $25.2 million, according to his financial disclosures. We no longer have any depository relationship with him,” Banks United told the Washington Post. Professional Bank also announced that they will no longer be doing business with the former president or his organizations in a statement last week. Additionally, Signature Bank in New York and Deutsche Bank have also said that they have cut ties with Trump and his businesses. “Signature Bank notably took a strong...

The Trump administration adopted a new rule to prevent big banks from denying services to gun manufacturers and other industries in a rebuke of an Obama-era financial program. The Office of the Comptroller of the Currency (OCC) rule, which was finalized on Thursday, will instruct large financial institutions to only deny services to specific clients on a case-by-case basis instead of making industry-wide blacklists. The regulation came as a rebuke to Operation Choke Point, which sought to pressure big banks to cut ties with businesses disfavored by the Obama administration, including the gun and payday lending industries. Operation Choke Point—coupled...

As a growing list of companies cut political spending in the wake of last week’s Capitol Hill riots, some banks that have done business with President Donald Trump are following suit. Deutsche Bank DB, -0.09% will no longer do business with Trump or any of his companies, Bloomberg News reported on Tuesday, citing sources. A spokesman from the German lender declined to comment. Trump reportedly owes the bank over $300 million. Meanwhile, Signature Bank SBNY, +0.22% on Tuesday released a statement on its website, calling for Trump to step down.

any thoughts? i am thinking * payoff mortgage immediately * divest from all stocks, mutual funds, bonds 50% now, 25% next week if bad news continues * move into precious metals now, 50% from cash in bank now, 25% next week if bad news continues * pay off any mortgage (if overall finances allow, eg, if mortgage currently being used as income tax dodge) * (current blue state residents) prepare for possibility of a need to leave home with very little advance notice, travel to nearest solid red state - have or buy a decent auto, preferably 4x4 truck. plan...

The biggest banks in the U.S. will give Black-owned businesses advantageous terms on a crucial type of financing that companies use to manage their cash flow, a novel effort to narrow the wealth gap between white and non-white communities. Banks made multibillion-dollar commitments to expand lending to Black consumers and businesses after the wave of protests throughout the U.S sparked by the killing of George Floyd. The targeted lending is meant to correct decades of discrimination in lending whereby banks denied loans to Black borrowers or steered them toward products with high interest rates and other terms many couldn’t afford....

In early 1973, as Joe Biden was settling into his new job in Washington, DC, Ralph Nader published a deconstruction of what made the freshman Democratic senator’s state of Delaware, the most anodyne of states, so exceptional. The answer, The Company State explained, had to do with the unique relationship between government and commerce: Delaware was less a democracy than a fiefdom, contorting its laws to meet the demands of its corporate lords. Preeminent among them was the chemical giant DuPont. Nader took readers to Rodney Square, in the heart of Wilmington. There was the ritzy Hotel du Pont, housed...

Sen. Kamala Harris (D-CA) touted Wall Street’s support for Democrat presidential candidate Joe Biden during the vice presidential debate Wednesday evening. As Breitbart News reported this week, economists with Moody’s Analytics on Wall Street cheered a Biden presidency, citing their support for his globalist agenda centered on more free trade and more immigration to the United States.

In the summer of 2017, the Trump Administration proposed and the Congress enacted the Tax Cuts and Jobs Act. This legislation cut tax rates in every bracket and ensured higher take-home pay for the working and middle classes. The average family of four saved $2,000 in taxes and 91% in the middle income quintile received a tax cut. The US economy boomed. During this week's debate Democratic presidential candidate Joe Biden told viewers that "I'm going to eliminate the Trump tax cuts. The Republican notion that people have a right to keep more of their hard-earned money is mistaken and...

Democrat presidential candidate Joe Biden is raking in Wall Street cash from all the big banks at five times the rate of President Trump, a CNN report admits. An analysis by CNN found that “all the big banks are backing Biden” against Trump, with the former vice president taking a larger margin of Wall Street donations than even failed Democrat presidential candidate Hillary Clinton did in 2016. CNN reports: The securities and investment industry donated just $10.5 million to Trump’s presidential campaign and outside groups aligned with it, according to a new tally by OpenSecrets. It has sent nearly five...

WASHINGTON - The United States has filed a complaint to forfeit $2,372,793 associated with four companies, announced the Acting U.S. Attorney for the District of Columbia Michael R. Sherwin, Emmerson Buie, Jr., Special Agent in Charge of the FBI Chicago Field Office, and Steven Cagen, Special Agent in Charge of the HSI Denver Field Office.            The complaint alleges that the four companies laundered United States dollars on behalf of sanctioned North Korean banks.  According to the complaint, the North Korean banks used these laundered funds as part of a scheme to procure goods for...

If you were president of the United States, would you hire an alleged former spy for Fidel Castro to be ambassador to El Salvador, a country teetering on the brink of hard-core socialism? President Obama just did. On Dec. 9, Obama nominated Mari Del Carmen Aponte to be ambassador to El Salvador, despite the fact that in the late 1990s, the FBI discovered that she was working with Cuban intelligence officers. According to Insight Magazine, "When the FBI eventually questioned her about her involvement with Cuban intelligence, she reportedly refused to cooperate." Why would Aponte escape the Obama administration's scrutiny?...

CHICAGO (CBS)– Dozens of stores, banks and other businesses were broken into across downtown Chicago overnight. The unrest started around 11 p.m. Sunday and cause of the unrest is still unknown at this time, but it does appear to be a coordinated effort. VIdeo shows multiple cars parked on the streets as people ran out and broke into stores. Bridges surrounding The Loop are closed to traffic. Expressway ramps leading into the downtown area are also shut down. The Best Buy at North and Clybourn was destoyed by looters. Boxes and debris from stolen merchandise were strewn across the parking...

DENVER – United States Attorney Jason R. Dunn announced that Jenifer Adriana Lopez-Ramirez, age 22, of Denver, Colorado, was sentenced to serve 228 months (19 years) in federal prison for six bank robberies and use of a firearm during and in relation to crimes of violence.  Following her prison term, Lopez-Ramirez will serve 3 years on supervised release.  She was also ordered to pay restitution to the U.S. government as the banks were federally insured.  Lopez-Ramirez appeared at the sentencing hearing in custody, and was remanded at its conclusion.  The Denver office of the FBI joined in today’s announcement.According...

The relationship between banks and cryptocurrency in the United States has been as complicated as the concept of “money” itself. But today’s interpretive letter from the Office of the Comptroller of the Currency (OCC) may be changing all of that. The OCC serves to charter, regulate and supervise national banks. Today’s OCC letter clarifies that national banks have the authority to provide fiat bank accounts and cryptocurrency custodial services to cryptocurrency businesses. This clarification from the OCC may open the doors for larger financial institutions to be more comfortable providing traditional bank accounts to cryptocurrency companies, as well as actually provide...

You wouldn’t know watching ABC, CBS and NBC evening news shows that top investment banks reported record revenues in the second quarter. The Big Three censored the story in a way that would make Orwell proud.

We covered previously the dark past of Jay Clayton which made His name and fortune at Sullivan & Cromwell helping Goldman Sachs, JP Morgan, and other big banks skirt the SEC regulations. Even crazier is He is now the head of the SEC, Another shocking set of events was the prosecutor in a criminal probe into Goldman Sachs and JP Morgan was just removed by Barr and He was attempting to replace Him with none other than Jay Clayton. The newest shocking action is the SEC just rendered the 13F filing required by institutional money managers useless. In fact the...

This is next-level fierce: Dancing With the Stars has tapped Tyra Banks to replace Tom Bergeron as host. The announcement comes roughly 36 hours after ABC confirmed the departures of the ABC dance competition’s longtime host Bergeron as well as co-host Erin Andrews. Banks’ reign will begin with Season 29, slated to bow this fall (view ABC’s complete fall lineup here). In a statement, the erstwhile America’s Top Model host said, “I’ve been a fan of DWTS since its beginning. The fun mixed with raw emotion, seeing celebrities push past their comfort zones, the sizzling dance performances. It’s always transported...

Netflix is pledging $100 million to support black-owned banks, the company announced Tuesday. The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to “directly support Black communities in the US.”

A lot of people posting about #PhillyExplosions overnight. Explosions appear to be the result of an organized effort to blow up ATMs for the Cash. SEE VIDEO...

John Jacob Astor, the richest man on board the Titanic, famously gave up a seat in the final lifeboat when he saw two young children still on the ship's deck. "Women and children first" was the order from the ship's captain, and the final numbers show just how much the men on board -- even the rich and powerful -- adhered to that call. Women on the Titanic had a 75% survival rate, compared with just 17% for men. Besides some crazed radical feminists, most of us view the chivalry displayed on that sinking ship with a sense of awe...