Bank Execs Reveal How Obama and Biden Twisted Their Arms, Forced Them to Cancel Conservatives – RedState
In early August, Donald Trump signed the decree “guaranteeing the fair bank for all Americans”. Shaping, as we have written, is when the financial institutions suddenly refuse to do business with certain entities (read: conservative outfits) and close their accounts without ceremony without explanation.
It is sinister, it is censorship, it is not American – and it was used mercilessly by the administrations Obama and Biden, according to managers of the bank who are expressed now.
Fox News Digital spoke with two leaders of the head of the American banks, who asked to remain anonymous, fearing reprisals.
The leaders said that the ambiguity of federal laws was exploited by regulators under the Obama and Biden administrations in order to pursue political objectives. According to a manager, the banks were pressed to refuse services to certain industries as part of Operation Choke Point and Operation Choke Point 2.0.
Can you think of a more sinister campaign than “Operation Choke Point?”
“When there is an ambiguity in the law, the beauty is in the eye of the spectator and, for a long time, the spectator was the administration of Obama and Biden,” said the official.
Today, @Potus Signed a decree to ensure that federal regulators did not promote policies and practices that allow financial institutions to deny or restrict services based on political beliefs, religious beliefs or legitimate commercial activities, guaranteeing fair access to … pic.twitter.com/xkk9f4uhpo
– The White House (@Whitehouse) August 7, 2025
The president’s full tweet reads as follows:
Today, @potus has signed an executive decree to ensure that federal regulators did not promote policies and practices that allow financial institutions to deny or restrict services based on political convictions, religious beliefs or legitimate commercial activities, guarantee equitable access to the bank for all Americans.
President Eric’s second son should know everything; He says that Capital One closed more than 300 commercial accounts of the Trump organization in 2021.
Find out more: What is in their portfolio? Eric Trump pursues the capital one on discriminatory banking practices
New York AG Letitia James strikes again, joined other state AG in costume against the climching CFPB
Donald Trump himself says that he was also the victim of discriminatory practice, and his wife and his son were also affected:
Trump claimed to be a victim of a speech and accused JPMorgan Chase, Bank of America and others of refusing more than a billion dollars in his depots. The first lady Melania Trump wrote in her memoirs that she and her son Barron were also dismissed.
“I was shocked and dismayed to learn that my long -standing bank decided to end my account and refuse my son the opportunity to open a new one. … This decision seemed to be rooted in political discrimination, raising serious concerns concerning civil rights violations,” wrote Melania.
🚨 Victory for religious freedom: after years of pressure @Jerryleebowyer & others, Bank of America has abandoned his “point of view” rule, a policy that has fueled the unit of conservative and confessional groups.
Persistence works. Shaping must end everywhere. pic.twitter.com/ek7dcspdmba
– State Financial Officers Foundation (@Sfof_States) August 14, 2025
The process was simple but devious: if the Obama or Biden administration did not like the attitude of a company or the opinions of a media, they would have SIC regulators on their banks:
Another senior banking framework said that negative information coverage was considered a “reputation risk” criterion. During the period between the 2020 presidential election and Trump’s return to the oval office in 2024, he was subjected to a wave of prosecution and negative press. Banks, according to the manager, responding to the wishes of regulators, would use the negative press intended for the conservatives as a pretext to take them off.
“It’s a kind of configuration, it’s as if someone had put the table, and everything ends up focusing on republicans and conservatives,” said the executive.
Democrats are constantly howling Trump’s “authoritarian sequence” and how he is “a threat to democracy”. Most times, however, it is revealed that they themselves are the real despots.
The Trump team has left the beaten track, and it’s refreshing after four years of Biden discomfort.
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