The Days of Big Banks Targeting Conservatives Are Over. Trump Is Restoring Sanity to the Finance Industry.

President Donald Trump’s election victory was a wakeup call for many reasons.
From the madness at the southern border to out-of-control inflation, Americans made it abundantly clear they were ready for a stop to the country’s downward spiral. Now the president is planning to do the same to the banking industry, restoring sanity to a sector that for too long has gotten away with deliberately targeting conservatives for their values.?
Whether it was siding with credit card companies to trace gun purchases, closing bank accounts due to a client’s religious beliefs, or funneling millions into DEI programs, it’s all too obvious that Wall Street is not operating by the same set of standards when it comes to conservative or right-leaning Americans.?
The banks went right along with the rest of corporate America’s pandering to the increasingly frivolous and destructive whims of the Left, never once considering that most of the country balks at such ideologies. Banks have gotten away with this for years because of their financial resources and the absence of real leadership in Washington. But now we have a president who won’t stand idly by as the banking industry goes woke.
As reported in the Wall Street Journal, bank CEOs are panicking that Trump is seriously considering applying the same tactics he used to curtail woke universities to the financial industry.
The president is reportedly considering an executive order centered around “debanking,” which could potentially impact the lucrative federal contracts they hold. It would follow similar actions taken by some states, like Oklahoma and Texas, that have blacklisted banks from state-level contracts over these banks’ previous discrimination against the oil and firearms industries.?
We’ve reached a tipping point because banks insist on continuing to live as though we’re still in Biden’s America, even after the 2024 election. Voters made it clear they want and expect robust change and part of that change is putting America first. If that means Trump’s only option to reform the industry is by revoking federal contracts, then that’s a step he is prepared to take.
Other conservatives are likewise holding banks accountable on a wide variety of issues that have long impacted American consumers and small business owners. Whether it’s exploring credit card interest caps or the growing support from voters on swipe fee reform, we’re finally seeing conservative voices come to the forefront and lead the charge toward stopping the years of mistreatment from Wall Street. For too long the financial industry has taken advantage of and exploited the pro-business attitude of conservatives.
After years of big banks exercising their influence and power over the American public, we’ve reached a fork in the road where Americans are ready to push back and have the leaders in charge who are listening to their frustration. I look forward to seeing the president restore some sanity to the financial industry at long last.
The post The Days of Big Banks Targeting Conservatives Are Over. Trump Is Restoring Sanity to the Finance Industry. appeared first on The Daily Signal.
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