Posted on 03/25/2023 5:29:33 AM PDT by george76
JPMorgan Chase has engaged in "politically motivated de-banking"
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More than a dozen state financial officers are writing to JPMorgan Chase CEO Jamie Dimon to call on the bank to root out any internal political or anti-religious bias that may result in adverse decisions against clients of the nation’s largest bank.
The letter addressed to Dimon was signed by a group of 14 Republican state auditors, controllers, and treasurers who wrote to "convey our concern that the bank is engaged in what appears to be politically motivated de-banking of certain industries, individuals, and groups."
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JPMorgan Chase has demonstrated political bias in its policy and operational decisions and cites an incident in which Chase closed the account of the National Committee for Religious Freedom (NCRF) without explanation.
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Another incident involved JPMorgan Chase subsidiary WePay, which denied ticket-payment processing services for a Republican event hosted by a non-profit called Defense of Liberty. The event featured Donald Trump, Jr., and WePay initially denied services by citing policies against providing services connected to "hate … racial intolerance … or items or activities that encourage, promote, facilitate, or instruct others regarding the same."
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several states have previously raised concerns about the bank limiting its business relationships with fossil fuel companies despite Dimon’s comments before Congress that defunding fossil fuels would be the "road to hell for America," because of its participation in the Net-Zero Banking Alliance.
Members of the Net-Zero Banking Alliance have committed to dramatically reducing their carbon financing and investment activities, raising concern that it could limit fossil fuel companies' access to capital even if that’s contrary to the member bank’s fiduciary duty to shareholders.
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company must act to maximize profit and must not subordinate the company’s long-term financial well-being to extraneous personal or political ends."
(Excerpt) Read more at foxbusiness.com ...
How many other banks have done this or will do it? The banks do it with the full approval of the administration, thus making it an action of the government by proxy.
This confiscation violates the Constitution. The government is doing it. Yet no one is in federal prison for it.
Full approval... More like they are doing it on the orders of the government.
Not enough. Governors of Red States need to tell Dimon that Chase reverses itself 180 degrees or it will lose its banking charter in state after state after that state’s auditors find all kinds of violations at the bank.
and trust me, if they want to, they can find violations at any bank they choose. Nice bank you have there Jamie. It’d be a shame if it was suddenly locked out of half the states in the country.
That’s the exact same tactic Cuomo used to get the banks to go along with the woke agenda. Fight fire with fire.
It will get worse when the Fed unveils the CBDC and they will control what one can buy.
And what, pray tell, is “CBDC”. Note...if you are going to use an abbreviation, DEFINE IT.
Was this guy connected to Epstein?
Google, Bing, your-favorite-search-engine is your friend.
Alternatively, the ruling class is crushing freedom with the protection of the Democrats.
Until they face criminal charges, nothing will change
Uh, no. It is the responsibility of the person using the contraction to define it. High-school English grammar rule.
Also, one person defining it initially can save the time of many people trying to figure it out, searching, etc.
When I was in the USAF we had an acronym dictionary, updated annually, which helped, but even then the same acronym could be for more than one thing.
If Conservatives ever again control government, they must hold these companies and their leadership accountable.
More like they are doing it on the orders of the government.
Biden is pimping Obama’s digital banking scam and gaining some ground if it wins out banking will never be the same.
It’s a big game and your not in it
Exactly.
“Mark of the digital beast”
I like the FUBAR acronym, and other one is SNAFU but I’m not sure Snafu isn’t just a word, but I recall it’s also an acronym.
Situation Normal All F'ed Up.
It is definitely conditioning the masses. It will start out as a voluntary program in the beginning and the blind will jump at the chance.
Rev 13:17 (KJV) - And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
SNAFU = SITUATION NORMAL ALL F#CKED UP!
FUBAR = F#CKED UP BEYOND ALL REPAIR!
KISS = KEEP IT SIMPLE STUPID!
SUSFU = SITUATION UNCHANGED STILL F#CKED UP!
TARFU = TOTALLY AND ROYALLY F#CKED UP / THINGS ARE REALLY F#CKED UP!
FUBU = F#CKED UP BEYOND UNDERSTANDING!
BOHICA = BEND OVER HERE IT COMES AGAIN!
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