The truth finally comes out.
Banking insiders have dropped a political bombshell—revealing that both Barack Obama and Joe Biden used federal regulators to pressure banks into shutting down accounts for political reasons.
These revelations come just days after President Donald Trump signed a historic executive order banning the practice of “debanking.”
Banks Admit Political Pressure
Senior executives at two of America’s largest banks told Fox News Digital that during the Obama and Biden years, regulators made it clear that certain industries and individuals were not welcome.
“When a regulator gives you a suggestion, it’s not really a suggestion—it’s an order,” one top banker admitted. “The political pressure was real, and everyone in the industry knew it.”
What Is “Debanking”?
“Debanking” happens when banks suddenly close an account or refuse service—often with no explanation. While originally tied to anti-money laundering rules, it was later weaponized to target conservatives, Christians, and political opponents.
According to whistleblowers, the government used vague laws and “risk” labels to push banks into blacklisting customers.
Obama’s “Operation Choke Point”
A House Oversight Committee investigation revealed that under Obama, the Department of Justice launched Operation Choke Point—a program designed to “choke out” lawful businesses the Left disliked, such as firearms dealers.
President Trump shut it down in 2017. But under Biden, banks were again pressured to target industries like crypto in what many now call “Operation Choke Point 2.0.”
Trump and His Family Targeted
Even Trump himself wasn’t safe. He accused JPMorgan Chase and Bank of America of refusing more than $1 billion in deposits.
First Lady Melania Trump revealed in her memoir that her and Barron’s accounts were shut down too:
“This decision appeared rooted in political discrimination, raising serious civil rights concerns,” Melania wrote.
Religious and Conservative Groups Hit Hard
Former Senator Sam Brownback testified that JPMorgan shut down his nonprofit, the National Committee for Religious Freedom, in 2022.
Banks defended themselves by citing “reputational risk”—a vague excuse insiders say was often based on negative media coverage of conservatives.
“It all ends up focusing on Republicans and conservatives,” one banking executive admitted.
Trump’s Executive Order: A Game-Changer
Trump’s new directive, “Guaranteeing Fair Banking for All Americans,” permanently bans banks from denying services based on politics, beliefs, or “reputational risk.”
Financial expert Tim Schwarzenberger called it “a breakthrough moment” that will finally hold banks accountable.
Banks Forced to Respond
Facing pressure, JPMorgan, Bank of America, Citigroup, and PNC Bank have all pledged not to discriminate based on politics or religion.
Even JPMorgan now says:
“We don’t close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed.”
Why This Matters for Every American
This isn’t just about banking—it’s about freedom. If a government can silence conservatives by cutting them off from the financial system, every American is at risk.
With Trump back in the White House, the practice is finally being exposed—and stopped.
👉 Bottom line: Obama and Biden turned America’s banking system into a political weapon. Trump is dismantling it and restoring fairness for every citizen.
