Key Takeaways:
- Political Discrimination Alleged: Trump accused major banks like JPMorgan and Bank of America of shutting out conservatives, including himself, based on political beliefs rather than financial merit.
- Executive Order Incoming: A new order is expected to instruct regulators to investigate and punish banks engaging in “politicized or unlawful debanking,” signaling a major shift in regulatory priorities.
- Free Market Fightback: The move underscores Trump’s commitment to defending free enterprise and individual liberty, ensuring that Americans can’t be locked out of the financial system for their political views.
President Donald Trump is putting Wall Street on notice—and freedom-loving Americans are here for it.
In a fiery interview with CNBC, Trump accused major banks like JPMorgan and Bank of America of discriminating against him and his supporters by shutting down accounts and refusing deposits purely for political reasons.
“They totally discriminate against… me, maybe even more, but they discriminate against many conservatives,” Trump said. “I had hundreds of millions… and they told me, ‘I’m sorry sir, we can’t have you.’”
According to reports, Trump is preparing an executive order that would direct regulators to investigate politically motivated “debanking” and hold financial institutions accountable under antitrust and consumer protection laws. The order is expected to land as soon as Wednesday and could impose real penalties on banks that play politics with people’s money.
JPMorgan tried to deflect, claiming it doesn’t close accounts for political reasons, but even acknowledged the need for regulatory change. Translation: they’re feeling the heat.
This is about more than Trump—it’s about protecting the financial freedom of every American entrepreneur, investor, and small business owner targeted for having the “wrong” political views.
Under Biden, banks hid behind “reputational risk” to deny services. Under Trump, those days are numbered. No more using the financial system as a weapon against liberty. It’s time to end woke overreach, protect the free market, and ensure every American has equal access to banking—regardless of politics. Trump’s putting America First, and that includes your bank account.