U.S. President Donald Trump on Tuesday said he believes that banks discriminate against him and his supporters, adding that Bank of America and JPMorgan Chase had previously refused to accept his deposits.
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Evidence not required for this claim, as is tradition
He might be the stupidest American president ever. Banks will take anybody’s money if you give it to them. Even criminals’.
Almost. There is “debanking” for when taking somebodies money might actually cost them money.
De-banking, more commonly spelled debanking, also known within the banking industry as de-risking, is the closure of people’s or organizations’ bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank. source
He is stupid, but not all banks just take money.
Look at medical Marijuana in Oklahoma when it first spun up. Banks in Oklahoma were hard to find that would take straight cash even (only way to buy/sell in the early days). Leading to huge amounts of cash being stored at locations and hard to pay taxes with no bank account to deposit the money.
Personally, I’m on the banks side in this case. Not taking facist money? Sign me up, fuck MAGA and their little coins. The only MAGA worth it to banks is the millionaires and billionaires of the party.
Might be? Lol
Correlation not causation
So banks think Trump’s supporters are shiftless fucks. This is entirely consistent with my experience.
I mean, banks are in the business of risk management and only making loans to people who can be depended on to make smart decisions.
A lot of Trump supporters do not fall into that category.
Release the Trumpstein files.
Bank of America and JPMorgan Chase had previously refused to accept his deposits.
Nobody wants your slimey deposits you sick child fucker. No means no.
🙄
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