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John Eastman Speaks Out After Bank Of America, USAA Shut Down His Accounts
Posted on 4/17/24 at 9:53 am
Posted on 4/17/24 at 9:53 am
Another form of leftist attack on a Trump lawyer. Banks do this without any recourse, explanation or judicious appeal. Local community banks or credit unions are safer havens from this kind of crap.
‘Rather Despicable’: John Eastman Speaks Out After Bank Of America, USAA Shut Down His Accounts
https://dailycaller.com/2024/04/16/john-eastman-donald-trump-attorney-debanked-bank-of-america-usaa/
‘Rather Despicable’: John Eastman Speaks Out After Bank Of America, USAA Shut Down His Accounts
quote:
One of the left’s biggest political targets recently found himself “de-banked” with no warning and little avenue for recourse, the Daily Caller has learned.
John Eastman, once an attorney for former President Donald Trump, was de-banked twice in the span of several months by two prominent financial institutions, Bank of America and USAA, he told the Daily Caller. His accounts were closed as he faced substantial backlash for his work advising Trump around the time of the 2020 election.
Eastman said he had switched most of his banking from Bank of America to USAA, a company that provides financial services exclusively to military veterans as well as their families, due to the former’s “wokeness.” Both corporations are federally insured, and Bank of America was bailed out with billions of dollars in taxpayer funds during the global financial crisis.
Bank of America alerted Eastman in September of 2023 that it would be closing his accounts, a letter obtained by the Daily Caller shows. Shortly thereafter, USAA notified Eastman in November that his two bank accounts with the company would be closed, a separate letter shows.
https://dailycaller.com/2024/04/16/john-eastman-donald-trump-attorney-debanked-bank-of-america-usaa/
9
Posted on 4/17/24 at 9:55 am to Auburn1968
So banks should be forced to do business with him, by the government?
Small government conservatives, folks.
Small government conservatives, folks.
Posted on 4/17/24 at 9:55 am to Auburn1968
It should be illegal for a bank with assets over a certain threshold to close an account for any reason other than default.
Posted on 4/17/24 at 9:56 am to Auburn1968
So USAA is woke now too? That's what happens when they make a non-veteran their CEO.
Posted on 4/17/24 at 10:01 am to Auburn1968
quote:
Local community banks or credit unions are safer havens from this kind of crap.
Just wait until the smaller banks are overexposed to certain asset classes, those markets are intentionally destabilized, and the big banks who are flush with cash swoop in to buy them, consolidating banking into a small monopoly and limiting your options, thus giving them even more control.
Nah, probably never happen.
Posted on 4/17/24 at 11:16 am to Auburn1968
Government bailouts are like signing your soul away to the devil
Posted on 4/17/24 at 11:19 am to Auburn1968
This should be a very simple fix for Congress or any of the bank regulatory agencies, cfpb, occ, etc.
Simple bank rule to implement: no customer can be discriminated against for any legal business transaction. It is the responsibility of the banking institution to ensure their actions cannot be perceived as act based on any personal ideology of the consumer or protected class of the consumer of bank product and services.
Simple bank rule to implement: no customer can be discriminated against for any legal business transaction. It is the responsibility of the banking institution to ensure their actions cannot be perceived as act based on any personal ideology of the consumer or protected class of the consumer of bank product and services.
Posted on 4/17/24 at 3:07 pm to Auburn1968
Seems like a risky move for USAA. A lot of people like them, but they were douchebags with me.
Posted on 4/18/24 at 6:52 pm to Auburn1968
RUMOR HAS IT: Up north where PNC bank is predominant. Very lucrative rod and gun clubs got their long tme multi million dollar accounts shut down because they sell guns.
Posted on 4/18/24 at 6:55 pm to Auburn1968
Stalin is smiling in hell.
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