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Without knowing the total number of accounts Chase has closed down -- we don't know if this is significant or not.
Googling Chase shutdowns -- it seems that Chase is in the habit of closing customer accounts and up until these handful of conservatives were victims of the shutdown, nobody associated the shutdowns with political affiliation.
Chase is the third largest bank in the US.
Chase has millions of customer accounts., $2.6 Trillion in assets and world wide operations. You think they know or care about the political ideology of their account holders?
Bounce enough checks and any bank will close your account. And no doubt, some of them take to social media to condemn the bank. Have too many flagged deposits/ transfers without reasons and a bank might say thanks, but no thanks.
Then theres a tiny number of people who make their livelihood on conspiracy theories, spreading misinformation fear mongering, victimhood and sensationalism.
Not that I'm defending banks as being paragons of virtue. Far from it.
But to claim that banks are "under fire" or "landed in hot water" for closing accounts because the customers are conservative or even alt-right is ridiculous.
In the first place, what trouble would they be in? Have conservatives become a protected class?
In the second place, if the customer is bewildered by why their account was closed, they could always ask.
Some people make a living claiming victimhood and some of them are conservatives.
Not that I'm defending banks as being paragons of virtue. Far from it.
But to claim that banks are "under fire" or "landed in hot water" for closing accounts because the customers are conservative or even alt-right is ridiculous.
In the first place, what trouble would they be in? Have conservatives become a protected class?
In the second place, if the customer is bewildered by why their account was closed, they could always ask.
A reasonable person would pursue it with their bank. They would not buy one share of stock to gain entry to shareholder meeting with the intent of playing victim and accusing the bank of a conspiracy of their own fabrication.
Not that I'm defending banks as being paragons of virtue. Far from it.
But to claim that banks are "under fire" or "landed in hot water" for closing accounts because the customers are conservative or even alt-right is ridiculous.
In the first place, what trouble would they be in? Have conservatives become a protected class?
In the second place, if the customer is bewildered by why their account was closed, they could always ask.
That seems to be a rather large loose end to the article.
And while there’s no immediate evidence of a hidden blacklist, Almasi frets that conservatives like him who bank with Chase could be targeted.
That's all I need to know to throw this one out with the trash.
P.S. Love the use of the word "could". I mean, Chase *could* try to kill all of them too. Chase *could* steal all their pets and sell them to a crocodile farm. Could, could, could....give me a break.
That is not true. Liberals hate the First Amendment. They want government to restrict the free exercize of religion if a Christian bakes cakes or makes T shirts. You lefties are hypocrites. You want special rights.
Looks like it's YOU who want special rights. Demanding that a privately owned business handle accounts that they may not want to handle.
JPMorgan Chase is under fire for closing the bank accounts of several customers in the conservative movement as other right-wingers are threatening to close their accounts unless the bank plays nice.
“If Jamie Dimon can’t absolutely guarantee that Chase Bank won’t ever discriminate against conservatives, conservatives should consider banking elsewhere,” warned David Almasi, vice president of the conservative-leaning National Center for Public Policy Research, referring to JPMorgan’s chairman and CEO.
JPMorgan first landed in hot water soon after conservative activists Enrique Tarrio, Joe Biggs, Laura Loomer and Martina Markota discovered their accounts at Chase were closed within weeks of each other earlier this year — and without satisfactory explanations, they claim.
...
Almasi, representing his group’s Free Enterprise Project, said Dimon assured him the bank has not pulled any more customer accounts. “But he stopped short” of saying it won’t do it in the future, Almasi added.
LOL! You are using your own hypocrisy to justify a charge of hypocrisy against me. Let's give people freedom of contract. When you agree that Colorado cannot force a baker to make a cake for a gay "wedding" then I will agree that Chase Bank can discriminate against people with which they disagree politicalky. Fair?
Fine with me. I would ask both to clearly spell out said policy on a sign, etc. so as to avoid embarrassment and such.
Would the Baker have "Please inform me if you have committed adultery since I cannot bake a cake for your next wedding" on the sign?
Or the same with any of the ten commandments?
Hopefully we both understand public accommodation. If ALL banks refused to accept legally obtained monies...or even most banks....then I'd probably ask government to step in but ONLY because Government (we the taxpayers) are the ones standing behind the banks (FDIC, etc.).
But we certainly can't have motels...and perhaps bakers are related, saying "you know, I don't like fat people and you are fat, so you can't stay here tonight".
In terms of the baker I really don't care either way. But there is a line in public accommodation and in interstate commerce. That's why we have courts...and even those decisions change.
Vast areas of this country have been built on illegal money....and banks certainly didn't refuse those bucks. They are probably not turning down the deposits of Russia Oligarchs or Saudi Madrassa financiers....so there is a certain hypocrisy to this unless it is limited to a very local and "good" bank.
A pox on all megabanks of which Chase is only one.
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