Florida Bank Closes Donald Trump’s Accounts Without Explanation, More Banks Promise To Follow

[libertybele]

Well .... I predicted that they would freeze President Trump's assets ...but banks are actually closing his accounts.  They are out to absolutely annihilate him and his family.  You can't very well do business without a banking relationship.  I thought perhaps he might find things more amicable in FL -- not so.  Seriously ... anyone still thinking he's going to start his own party?  A good fundraiser but he won't have the time; he'll be in and out of court till they throw him in jail.

Florida Bank Closes Donald Trump’s Accounts Without Explanation, More Banks Promise To Follow

In what can only be seen as private sector political persecution, a Florida bank has become the latest financial institution to dissolve its relationship with former-President Donald Trump over incendiary narratives floated by his detractors.

Bank United, a Florida-based bank, announced it had closed down the former-President’s account, cutting ties with him.

Mr. Trump stated he had two money-market accounts with Bank United with the accounts holding somewhere between $5.1 million and $25.2 million in worth........

.........Another Florida bank, Professional Bank, issued a statement announcing that it was ending its relationship with Mr. Trump last week. In its declaration – again providing no reasoning – the financial institution’s management said it would no longer conduct business with the former-President or his organizations..........

https://nationalfile.com/florida-bank-closes-donald-trumps-accounts-without-explanation-more-banks-promise-to-follow/

[Cyber Liberty]

I understand they are always inviting in the Cayman Islands.

[mountaineer]

Kind of a stupid banking decision. It just means less money (as much as $25 million) for this bank to lend, which is kind of how banks make their profits.

[Cyber Liberty]

Kind of a stupid banking decision. It just means less money (as much as $25 million) for this bank to lend, which is kind of how banks make their profits.

Didn't the Fed reduce the reserve requirement to 0.00%?

[Smokin Joe]

Will the ruling in New York about banks not being able to pick and choose customers on political bases (NRA) have any effect on this?

[libertybele]

Kind of a stupid banking decision. It just means less money (as much as $25 million) for this bank to lend, which is kind of how banks make their profits.

That was my first thought -- $25 mil and they're going to let that go because of political bias. Stupidity of the leftists never ceases to amaze me.

[XenaLee]

That was my first thought -- $25 mil and they're going to let that go because of political bias. Stupidity of the leftists never ceases to amaze me.

It's not just stupid.  It's anti-American.  Political persecution of a (now) private citizen is also anti-Constitutional.   The RL is signaling what they intend to do to all of us, IMO.  It is, after all, how commies roll.

[catfish1957]

I think something more sinister is afoot.  Financial institutions rarely arbitrarily  close accounts, especially large account holders.  That is unless there is the evidence of law breaking or IRS intervention. 

[libertybele]

Didn't the Fed reduce the reserve requirement to 0.00%?

Woah ... I thought that banks had to have $ on reserves, but in March 2020, the Board of Governors of the Federal Reserve System reduced reserve requirement ratios to 0%, effectively eliminating them for all depository institutions.

https://www.investopedia.com/articles/investing/022416/why-banks-dont-need-your-money-make-loans.asp

[libertybele]

I think something more sinister is afoot.  Financial institutions rarely arbitrarily  close accounts, especially large account holders.  That is unless there is the evidence of law breaking or IRS intervention.

That could be, but in reading different articles I think it's more political.  We'll soon find out.

Deutsche Bank joins companies cutting ties with Donald Trump

Bank had propped up Trump Organization for years despite being sued by president but acted after Capitol attack

More of Trump’s Banks Cut Ties as Backlash Grows Over Violence

https://www.bloomberg.com/news/articles/2021-01-12/more-of-trump-s-banks-cut-ties-as-backlash-grows-over-violence

https://www.theguardian.com/business/2021/jan/12/deutsche-bank-severs-ties-with-donald-trump

[mountaineer]

I understand they are always inviting in the Cayman Islands.

Switzerland is lovely this time of year.

[skeeter]

I think something more sinister is afoot.  Financial institutions rarely arbitrarily  close accounts, especially large account holders.  That is unless there is the evidence of law breaking or IRS intervention.

Its tough to fund a media company without access to capital.

[catfish1957]

That could be, but in reading different articles I think it's more political.  We'll soon find out.

Deutsche Bank joins companies cutting ties with Donald Trump

Bank had propped up Trump Organization for years despite being sued by president but acted after Capitol attack

More of Trump’s Banks Cut Ties as Backlash Grows Over Violence

https://www.bloomberg.com/news/articles/2021-01-12/more-of-trump-s-banks-cut-ties-as-backlash-grows-over-violence

https://www.theguardian.com/business/2021/jan/12/deutsche-bank-severs-ties-with-donald-trump

Banking rules, laws, and regulations are pretty clear on discrimintation, including based on political ideology.  Imagine and analogize you being told you can't bank somewhere because you are a conservative. One kind of dicey scenario is that Pedo Joe (behind the scenes) has sent the IRS on the attack on Trump.   For this to happen, I really think there is some coordinated effort to bring Trump down once and for all.

[libertybele]

Banking rules, laws, and regulations are pretty clear on discrimintation, including based on political ideology.  Imagine and analogize you being told you can't bank somewhere because you are a conservative. One kind of dicey scenario is that Pedo Joe (behind the scenes) has sent the IRS on the attack on Trump.   For this to happen, I really think there is some coordinated effort to bring Trump down once and for all.

Absolutely.  As I stated before they are out to annihilate the entire Trump family.  With the exception of Eric (as far as I know) all of the Trumps have moved to FL.  'They' don't want Trump or any of his family running for political office; they are scared to death of them...for the time being.  They will change things to turn the tables on them. 

Discrimination laws or not, it would be up to how a judge rules; and Trump hasn't exactly been winning in court for a long time.  First order of business for all the Trumps should be to hire a legal team; not someone like Giuliani who hadn't practiced law in years.

Trump is fearless, but he really needs to take a step back, reassess the situation and begin to take a look over his shoulders.

[skeeter]

Absolutely.  As I stated before they are out to annihilate the entire Trump family.  With the exception of Eric (as far as I know) all of the Trumps have moved to FL.  'They' don't want Trump or any of his family running for political office; they are scared to death of them...for the time being.  They will change things to turn the tables on them. 

Discrimination laws or not, it would be up to how a judge rules; and Trump hasn't exactly been winning in court for a long time.  First order of business for all the Trumps should be to hire a legal team; not someone like Giuliani who hadn't practiced law in years.

Trump is fearless, but he really needs to take a step back, reassess the situation and begin to take a look over his shoulders.

A month ago I would've told you Big Tech wouldn't be allowed to conspire to shut down a 'conservative' alternative to Twitter. But they were and they did. We're entering a new era.

[catfish1957]

A month ago I would've told you Big Tech wouldn't be allowed to conspire to shut down a 'conservative' alternative to Twitter. But they were and they did. We're entering a new era.

Iron tight conglomerate of MSM, Big Tech, and liberal politicans?  Lately I have been coining it   "The Big Left"
And right now they have in their possession all the buttons, dials, and levers.  Thusly,  that cartel has the testicles of anyone right of center squarely in the vice.

[XenaLee]

Its tough to fund a media company without access to capital.

And that is exactly their motivation.  Marginalize Trump to the point that he can no longer be a threat to them....in any form or venue.  Another good catch.

[catfish1957]

And that is exactly their motivation.  Marginalize Trump to the point that he can no longer be a threat to them....in any form or venue.  Another good catch.

I am thinking money concerns should be secondary, to the Trump family.  The wretched left will not relent until they see the former president cuffed and doing the walk of shame.

I am sensing more a of Capone kind of approach, with the FBI and IRS falsifying evidence to can him.

[libertybele]

And that is exactly their motivation.  Marginalize Trump to the point that he can no longer be a threat to them....in any form or venue.  Another good catch.

Exactly.

[XenaLee]

I am thinking money concerns should be secondary, to the Trump family.  The wretched left will not relent until they see the former president cuffed and doing the walk of shame.

Their relentless tyranny will be their downfall.  I agree with Rush in that they will over-step and over-reach (always).  And what they don't get, stolen elections aside.... is that MOST Americans don't want a damned socialist system in America.   It's just a matter of when that "most Americans" will stand up, finally, and put an end to this nonsense.

[Victoria33]

Deutsche Bank joins companies cutting ties with Donald Trump  Bank had propped up Trump Organization for years despite being sued by president but acted after Capitol attack.  More of Trump’s Banks Cut Ties as Backlash Grows Over Violence

@libertybele

Deutsche Bank, the German Bank, was the only bank who would loan him money as he went bankrupt, more than once, in the 1990s.  No US bank would loan him money.  Now that Deutsche Bank is gone which means he can't borrow money, US banks do not want him as a customer.  He will always be in financial trouble; banks do not want to be connected to him for this reason since Deutsche Bank is gone.  I have 9-10 books on him and his history of not paying bills, not paying companies who built his buildings, his bankruptcies, are in those books.  Trump lies about how much money he has which is why he will not let his IRS return be seen.

In his early adult years, his father and grandfather would bail him out when creditors came after him.  These times are enumerated in one of the books I have that was written by a family member.  Facts are facts.  The below is current as of this past Wednesday.  There is more if you click on the link:

"Deutsche Bank has been Trump’s most important lender. The Trump Organization, fronted by his two older sons, owes the bank about $340m in outstanding loans. After a series of bankruptcies in the 1990s, it was the only bank willing to give Trump money."

https://www.theguardian.com/business/2021/jan/12/deutsche-bank-severs-ties-with-donald-trump

[catfish1957]

Their relentless tyranny will be their downfall.  I agree with Rush in that they will over-step and over-reach (always).  And what they don't get, stolen elections aside.... is that MOST Americans don't want a damned socialist system in America.   It's just a matter of when that "most Americans" will stand up, finally, and put an end to this nonsense.

On another thread I mentioned the oddity of retaining such a large National Guard force in DC till March.  There is no reason to keep those guys there.  Highly speculating, but don't be surprised of some faux generated crisis, or a financial meltdown that will trigger Marshall Law, etc.

[XenaLee]

On another thread I mentioned the oddity of retaining such a large National Guard force in DC till March.  There is no reason to keep those guys there.  Highly speculating, but don't be surprised of some faux generated crisis, or a financial meltdown that will trigger Marshall Law, etc.

According to Newsmax, only 5,000 will remain in DC.  But that's still a lot ...and yeah, the RL is probably planning a (or several) false flag operations as we speak.   The biggest of which will be aimed at justification of legislation for gun confiscation.

[catfish1957]

@libertybele

Deutsche Bank, the German Bank, was the only bank who would loan him money as he went bankrupt, more than once, in the 1990s.  No US bank would loan him money.  Now that Deutsche Bank is gone which means he can't borrow money, US banks do not want him as a customer.  He will always be in financial trouble; banks do not want to be connected to him for this reason since Deutsche Bank is gone.  I have 9-10 books on him and his history of not paying bills, not paying companies who built his buildings, his bankruptcies, are in those books.  Trump lies about how much money he has which is why he will not let his IRS return be seen.

In his early adult years, his father and grandfather would bail him out when creditors came after him.  These times are enumerated in one of the books I have that was written by a family member.  Facts are facts.  The below is current as of this past Wednesday.  There is more if you click on the link:

"Deutsche Bank has been Trump’s most important lender. The Trump Organization, fronted by his two older sons, owes the bank about $340m in outstanding loans. After a series of bankruptcies in the 1990s, it was the only bank willing to give Trump money."

https://www.theguardian.com/business/2021/jan/12/deutsche-bank-severs-ties-with-donald-trump

You bring up one angle that I forgot to include.  What if, and again what if.....   Mr. Trump is not near as wealthy as he has made out.  And maybe bad enough that he is actually closer to bankruptcy.  If he is actually a credit risk, it would make all the sense in the world that these banks are high tailing, and running.

You know, he has been extremely guarded around discussing his financial matters. 

[XenaLee]

@libertybele

Deutsche Bank, the German Bank, was the only bank who would loan him money as he went bankrupt, more than once, in the 1990s.  No US bank would loan him money.  Now that Deutsche Bank is gone which means he can't borrow money, US banks do not want him as a customer.  He will always be in financial trouble; banks do not want to be connected to him for this reason since Deutsche Bank is gone.  I have 9-10 books on him and his history of not paying bills, not paying companies who built his buildings, his bankruptcies, are in those books.  Trump lies about how much money he has which is why he will not let his IRS return be seen.

In his early adult years, his father and grandfather would bail him out when creditors came after him.  These times are enumerated in one of the books I have that was written by a family member.  Facts are facts.  The below is current as of this past Wednesday.  There is more if you click on the link:

"Deutsche Bank has been Trump’s most important lender. The Trump Organization, fronted by his two older sons, owes the bank about $340m in outstanding loans. After a series of bankruptcies in the 1990s, it was the only bank willing to give Trump money."

https://www.theguardian.com/business/2021/jan/12/deutsche-bank-severs-ties-with-donald-trump

Quite frankly.... and with all "due" respect.... I don't believe a damned thing that you post now.

Especially considering that the entire persecution of Trump since Jan. 6 has been based on yet ANOTHER g'damned leftist lie.