redstate.com By Bob Hoge
The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com.
President Trump has long contended that the world’s largest bank, JPMorgan Chase, and other financial institutions “debanked” the Trump Organization following the events of Jan. 6, 2021, at the Capitol. By summarily closing accounts without warning or explanation and refusing to deal with companies, banks can cripple their cash flow and ability to keep their business operating.
I attended a speech by Trump’s second son and VP of the Trump Organization, Eric, in October of ’25, where he described how devastating it was for the company, and how they had to turn to cryptocurrencies to survive.
The elder Trump sued JPMorgan Chase in January for $5 billion in a case that is currently in its opening stages.
Up until now, JPMorgan Chase and its CEO Jamie Dimon have only spoken in general about debanking, but did not confirm or deny that they did it to Trump. That changed on Friday when they essentially said, yeah, we did it — and it was on a large scale:
In a response to a lawsuit filed last month by Mr. Trump and the Trump Organization, JPMorgan, the nation’s largest bank, said for the first time late Friday that it cut off more than 50 Trump accounts in February 2021, shortly after Mr. Trump’s first term ended.
The accounts included those for Trump hotels, housing developments and retail shops in Illinois, Florida and New York, as well as Mr. Trump’s personal private banking relationship that handled his inheritance from his father, according to letters filed to the court.
Read Full Article Here… | RedState
Home | Caravan to Midnight (zutalk.com)
Be First to Comment