Banking Blockade: Another Bank Just Announced They're Closing Trump's AccountsChris Menahan
Jan. 21, 2021
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BankUnited has followed Signature Bank in deciding to close former president Donald Trump's bank accounts in what appears to be part of a banking blockade aimed at punishing him for actions he took as our commander-in-chief.
From The Washington Post, "Florida-based bank announces it is closing Trump's accounts":
Another one of former president Donald Trump's banks said Thursday that it is closing his accounts, as Trump returns to a business hammered by covid-19 and the backlash to Trump's role in the deadly attack on the Capitol.Signature Bank said last week their decision was an act of political retaliation.
A Trump administration official just a few days ago rammed through a banking rule to block banks from closing people's accounts and refusing to do business with people over their political views -- though it only applies to banks with over $100 billion in assets (BankUnited and Signature Bank are both below the threshold).
Biden's handlers have indicated they're going to move to overturn the rule as soon as possible. Preserving the ability to close dissidents' bank accounts for questioning our ruling class is now an integral part of their Orwellian control scheme.
If Trump had enacted the rule at the beginning of his presidency legal analysts have said overturning it would likely be more difficult.
Trump should use some of the $200 million he raised off the "Stop The Steal" grift to challenge these banks in court.
Regardless, it has only taken three years for our ruling class to shift from closing the bank accounts of right-wing dissidents for their political and religious views to closing the bank accounts of the president.
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