WASHINGTON/NEW YORK, Aug 5 (Reuters) - President Donald Trump on Tuesday said he believes that banks, including JPMorgan (JPM.N), opens new tab and Bank of America (BAC.N)
discriminate against him and his supporters, as he prepares to act against banks for allegedly dropping customers for political reasons. Trump also said the country’s top two lenders had previously rejected his deposits, ramping up his attack on the industry.
Just in case anyone was wondering if the discrimination was against marginalized people or something like that.
But that’s the entire reason why Donald Trump went into politics in the first place. His banks were dropping him because he had a bad track record of running companies into bankruptcy and sticking his banks with the bill. Even if he structured his businesses so that he was not legally liable, banks can still take that into account when deciding to offer him more credit.
But have a successful run for office and now… poof! Everything he doesn’t like is now politically motivated!
Just in case anyone was wondering if the discrimination was against marginalized people or something like that.
But that’s the entire reason why Donald Trump went into politics in the first place. His banks were dropping him because he had a bad track record of running companies into bankruptcy and sticking his banks with the bill. Even if he structured his businesses so that he was not legally liable, banks can still take that into account when deciding to offer him more credit.
But have a successful run for office and now… poof! Everything he doesn’t like is now politically motivated!
“opens new tab”, huh?
It’s basically what he wants to do, open a new tab at the bar and stick JP Morgan with it.
I feel like I’m having a stroke trying to read that line.