Two of the countries largest banking giants ‘debanked’ President Trump under pressure from the Biden Regime, The New York Post reported.
Earlier Tuesday, President Trump told CNBC’s “Squawk Box” that Bank of America and JP Morgan rejected him as a customer after he tried to “deposit a billion dollars plus.”
″[Bank of America CEO Brian Moynihan] said, ‘We can’t do it,’” Trump said. “So I went to another one, another one, another one. I ended up going to small banks all over the place. I mean, I was putting $10 million here, $10 million there.”
It was later reported that JP Morgan and Bank of America kicked President Trump off their platforms after pressure from Biden’s banking regulators over his speech at the Ellipse on January 6, 2021.
The New York Post reported:
JPMorgan and Bank of America “debanked” President Trump for his role in the January 6 Capitol Hill melee following pressure from the Biden administration’s banking regulators and the Federal Reserve, people with direct knowledge of the matter tell The Post.
The exact reason for Trump and his tens of millions of dollars in holdings being kicked off the JPMorgan banking platform, and then denied access to Bank of America’s services has yet to be reported.
But sources at the banks — the No. 1 and No. 2 largest in the US in terms of assets — confirmed the cause stemmed from the controversy surrounding Trump’s actions that day, and threats from Biden’s bank regulators that banking the former president’s money put them at in danger of falling afoul of rule that prohibit financial institution from doing business with individuals and companies that present a “reputational risk.”
People at the banks tell The Post that Biden’s banking cops at the Office of the Comptroller of the Currency, the FDIC and the Federal Reserve often used the nebulous nature of the edict to go beyond debanking money launderers and drug kingpins.
They were pressured to include people who have heterodox political and business ties that often included conservatives and anyone who participated in the January 6 protests.
Earlier Tuesday it was reported that President Trump is preparing to unleash a powerful executive order targeting woke banks that have waged quiet war against conservatives, Christians, and cryptocurrency companies.
The Wall Street Journal reports that the Trump administration is preparing to fine and investigate financial institutions that discriminate against customers based on political or religious beliefs.
The executive order, currently in draft form, could be signed as soon as this week.
This is a direct strike against the woke banking cartel, which has long operated with impunity while silencing and de-banking Americans who dare to defy the radical left’s agenda.
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