Major bank execs claim they were pressured by Obama and Biden admins to deny services to MAGA

HHusky · August 25

https://hardcorehusky.com/discussion/comment/2093462#Comment_2093462

those "specifics" really convinced you

HHusky · August 25

https://hardcorehusky.com/discussion/comment/2093461#Comment_2093461

I think there was a very public trial.

34 felonies was it?

RaceBannon · August 25

“I don’t know if the regulators mandated that because of Biden or what,” Trump said. “But you and [JPMorgan Chase CEO] Jamie [Dimon] and everybody, I hope you’re going to open your banks to conservatives, because what you’re doing is wrong.”

Dimon had previously weighed in on debanking, suggesting there should be “far cleaner lines about what we have to do and we don’t have to do,” while insisting that his bank has never dropped a client for political reasons.

The banking industry similarly responded to Trump’s comments by arguing the problem lies with the agencies supervising them.

The key disagreement between Republicans and Democrats over debanking centers on who is to blame.

According to Democrats, large banks are the source of the problem. Sen. Elizabeth Warren (D-Mass.) said Wednesday that her staff had identified thousands of debanking-related complaints over the past three years, more than half of which were lodged against four major banks — Bank of America, JPMorgan, Wells Fargo and Citibank.

“Donald Trump was on to a real problem when he criticized Bank of America for its debanking practices,” Warren, the top Democrat on the Senate Banking Committee, said at a hearing Wednesday.

“Banks may be taking shortcuts when it comes to assessing risks, rather than investing the time and resources to identify true criminal risks and shutting down those accounts,” she added.

She cited stories of Americans being debanked as a result of overdraft fees, criminal history or ties to the cannabis industry.

https://thehill.com/policy/technology/5133445-republicans-debanking-biden-era-regulators/

WestlinnDuck · August 25

https://hardcorehusky.com/discussion/comment/2093519#Comment_2093519

Anyone who paid attention (attention not being the NYT, Washington Post, MSLDS and CNN) knew that conservatives were being debanked, demonetized and banned on social media. Gun manufacturers and distributors were targeted. Trump and his family were debanked. You can pretend that they weren't but they were. You can pretend they weren't debanked because of the dementia patient's political pressure on the banks. You can pretend we can run the US on unicorn farts. But ignoring reality is a leftard specialty.