Author Topic: Wall Street Banks Freeze Political Donations After Capitol Hill Riots, Threaten Pro-Trump Politician  (Read 289 times)

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Offline Right_in_Virginia

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Wall Street Banks Freeze Political Donations After Capitol Hill Riots, Threaten Pro-Trump Politicians with Blacklisting
Breitbart, Jan 11, 2021

Wall Street is slamming the lid shut on the coffers of its corporate political action committees and threatening pro-Trump politicians on Capitol Hill with blacklisting.

Following a week in which major social media companies cut of President Donald Trump and began excluding some of his biggest advocates in the wake of the Capitol Hill riot, some of the nation’s largest financial institutions have announced that they are halting donations to their political action committees and considering permanently cutting off politicians accused of attempting to “overturn” the 2020 election.
 
J.P. Morgan Chase, the nation’s biggest bank by assets and market capitalization, said it is halting donations through its PAC for six months. Citigroup, the third-largest U.S. bank by assets, is reportedly pressing pause on political donations for the first quarter of 2020.
 
Goldman Sachs put the kibosh on donations pending a review of “how people acted during this period,” according to the New York Times, with the likely result that it will exclude Republican politicians who challenged the 2020 election results. Morgan Stanley also said it is stopping political contributions. It is considering withdrawing support for any politicians who voted against certifying Joe Biden’s electoral college win.

Bank of American and Wells Fargo are still considering their response but are likely to follow the path chosen by their competitors.


More: https://www.breitbart.com/economy/2021/01/11/wall-street-blacklist/

Offline Right_in_Virginia

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Won't they need a legal reason for freezing the donations?

Offline skeeter

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With all of this over the top reaction I'm more convinced than ever the events at the Capitol were orchestrated.

Offline Right_in_Virginia

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Jack Posobiec
@JackPosobiec


Wall Street cutting off all donations to Republicans would actually be one of the best possible outcomes of all this in the long run


1:44 PM · Jan 11, 2021·Twitter for iPhone

https://twitter.com/JackPosobiec/status/1348702283786309632