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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Dope1 ⎊  😊 😞
Number: of 84346 
Subject: De-banking. Another Biden scandal
Date: 08/05/25 5:45 PM
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nypost.com - Jpmorgan and bank of america debanked trump under pressure from biden admin sources

JPMorgan and Bank of America ‘debanked’ Trump under pressure from Biden admin over January 6th: Sources

Because of course they did.

"Nice bank you have there. Be a shame if something happened to it," <--- That's the gangster way.

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.

Because that's how thugs and fascists roll.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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