Trump to Block Big Banks

Trump to Block Big Banks

Before Trump walks out of the White House, there are a few more things that he wants to do. On his list, he wants to block big banks from limiting loans to businesses that are in the sights of the Left and their desire to put them out of business. Why should you care? Just like Twitter, Facebook, and Amazon, limiting access to their platforms, the banks may cave to the pressure from these special interest groups and refuse to lend money for whatever their needs may be. Payroll, upgrades, expansion, or other capital improvements would be put on hold.

If banks limit the ability of weapon manufacturers and oil companies, it could end in one of two ways. These companies, like, like other companies prior to the Trump election in 2016, had overseas operations and headquarters or it very well could spell the end of those companies. In the new age of cancel culture… if we don’t like what you are doing, we are going to make your life a living hell and put you out of business.

Pump the brakes Karen… there are more pressing issues than stopping an oil line or gun manufacturer. What about the black on black murders, the homeless vets, or not sending billions of dollars overseas instead of helping American citizens and businesses.

From Newsmax

Big Banks Blocked on Limiting Loans to Oil, Gun Companies

By Eric Mack    |   Friday, 15 January 2021 03:04 PM

all Street has been increasingly giving in to public pressure by reducing exposure to industries like oil and gun companies, but the Trump administration has finalized a restriction on the practice in the name of “fair access.”

The Office of the Comptroller of the Currency has argued banks with more than $100 billion in assets “may exert significant pricing power or influence over sectors of the national economy,” Axios reported Friday.

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