Among all of the other Democrat scandals that now are coming to light: the Russiagate lies, the scheming at the highest levels of the White House to undermine a duly elected president, the undue influences orchestrated to impact the 2020 election, there’s another horror being revealed.
Executives of America’s banking industry now have confirmed that the Barack Obama and Joe Biden administrations, when they were in office, tried to force the bankers to “debank” the Democrats’ political foes.
President Trump, in fact, recently addressed the concept of “debanking,” or closing accounts and refusing to do business with companies or individuals because of their politics, by ordering an end.
Bank executives then confirmed that the Obama and Biden agendas were “to deny services to individuals and businesses for political reasons,” Fox Business reported.
“Those pressures were very, very real. When your regulator gives you a suggestion, it’s not a suggestion, it’s an order. The political stuff is very real, those pressures are real,” Fox News Digital confirmed a “senior banking official” reported.
Fox News Digital spoke with two executives at leading U.S. banks, who asked to remain anonymous, fearing reprisals.
They reported under Obama, and again under Biden, “banks were pressured to deny services to certain industries as part of Operation Choke Point and Operation Choke Point 2.0.”
One official documented, “When there’s ambiguity in the law, beauty is in the eye of the beholder, and for a long time the beholder was the Obama and Biden administration.”
Already, a report from the House Oversight Committee confirmed “Operation Choke Point” involved a DOJ team aiming to “choke” legal companies that Obama disliked.
They worked with regulators to falsely describe industries, such as firearms, as “high risk.”
During his first term in the White House, Trump ended Obama’s scheme, but then Biden revived them in “2.0,” lawmakers have charged.
Trump has confirmed that multiple banks attacked him, his accounts and his business operations, likely a result of the political warfare assembled under the program.
In fact, First lady Melania Trump wrote in her memoir that she and her son Barron were debanked, as well, the report said.
“I was shocked and dismayed to learn that my long time bank decided to terminate my account and deny my son the opportunity to open a new one.… This decision appeared to be rooted in political discrimination, raising serious concerns about civil rights violations,” she charged.
Former Republican Sen. Sam Brownback accused JPMorgan Chase of having debanked his nonprofit, the National Committee for Religious Freedom, in 2022, the report said.
Trump’s order, “Guaranteeing Fair Banking for All Americans,” warns that banks that deny services to customers for their political views or beliefs will be banned.
One executive explained how the agenda from Obama and Biden would work: Politicians would use regulators to pressure banks to inflate “negative press” that had been directed at conservatives or political foes “as a pretext to debank them.”
“It’s all kind of set up, it’s like somebody set the table, and it all ends up focusing on Republicans and conservatives,” the executive told Fox.
Banks, in a flurry of activity of late, have been promising that they do not discriminate based on political or religious views.
‘Reputational risk’: Report reveals Joe Biden pressured corporations to debank Donald Trump
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Author: Bob Unruh
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