Trump Calls Out Bank of America
Some of our nation’s biggest banks have been doing the Democrats’ dirty work by debanking conservatives.
We’re less than a month into 2025, and we already have a leading candidate for Lie of the Year: Bank of America’s claim that it doesn’t debank people whose politics it doesn’t like.
“Bank of America serves more than 70 million clients and we welcome conservatives,” the company lied via X last week. “We would never close accounts for political reasons and don’t have a political litmus test.”
Oh no. Never. Tell that to John Eastman, whose capital crime was to have given legal advice to Donald Trump regarding his constitutional options in the aftermath of the rigged 2020 election. In addition to undergoing a vicious and sustained lawfare attack from the Left — including malicious lawsuits, bar complaints, and subpoenas — Eastman was also debanked twice in the span of several months by Bank of America and then, remarkably, by USAA, the bank he’d fled to. But unfortunately for the spinners at Bank of America, Eastman kept the receipts.
“So why, pray tell,” said Eastman, “did you cancel my and my wife’s accounts after I had been a customer for nearly 40 years? And why did you refuse to tell me why?” For good measure, Eastman also posted Bank of America’s cancellation letter.
We’ve yet to connect these debanking dots to the Democrats, but it doesn’t strain credulity to imagine them whispering into the ears of these big banks. And we’ve got to hand it to these scumbags — it’s a brilliant strategy: Attack your political opponent, Donald Trump, by attacking those who work with him.
Jokes by the unfunny dimwits at “Saturday Night Live” notwithstanding, debanking is a real thing, as our Brian Mark Weber noted nearly a year ago.
It’s not just Eastman, either, although his case stands out. As Joy Pullmann writes at The Federalist: “Signature Bank, Deutsche Bank, and a Florida bank denied service to Donald Trump in 2021. In her memoir, Melania Trump says her bank accounts were canceled and her son Barron was unable to open an account after the family left the White House. Donald Trump Jr. also says he’s been debanked. In 2021, the payments processor Stripe cut off its business with the Trump campaign.”
Former Blackwater CEO Erik Prince has also been targeted, and he had this to say about Bank of America’s denial: “This is a complete lie. You de-banked me, my children, step children and hell you even de-banked my ex wife and her new husband because their account received child support payments from me. Fix your self and clear out your illegal discriminatory banking practices.”
Still, the despicable practice had flown mostly under the radar until last week, when President Trump spoke to attendees of the World Economic Forum. There, after delivering his remarks, he took questions from a panel of business leaders, one of whom was Bank of America CEO Brian Moynihan, whom he dragged out into the sunlight for some much-needed disinfectant.
After answering Moynihan’s question about GDP growth and inflation, Trump said this: “By the way, speaking of you — and you’ve done a fantastic job — but I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called Bank of America. … They don’t take conservative business. And I don’t know if the regulators mandated that because of [Joe] Biden or what, but you and Jamie and everybody, I hope you’re going to open your banks to conservatives because what you’re doing is wrong.”
NEW: Trump calls out Bank of America CEO Brian Moynihan to his face, says banks should stop debanking conservatives during a virtual appearance at the World Economic Forum.
— Collin Rugg (@CollinRugg) January 23, 2025
Lmao. Amazing.
The panel was clearly uncomfortable after Trump made the comment.
“I hope you start… pic.twitter.com/PZgH6LuDVQ
What you’re doing is wrong. It was a devastating broadside that only Trump could’ve delivered, and it was an important one. Banking has been weaponized against not only leading conservatives but even everyday folks like those Canadian truck drivers. (Hey, nothing says "freedom” quite like freezing someone’s bank account.)
Having been thoroughly exposed on the world stage, though, the ball is now in Bank of America’s court. And we’ll be watching.
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