August 6, 2025 • 30 mins
1. Allegations of Political Debanking
- Former President Donald Trump claims that major banks like JP Morgan Chase and Bank of America refused to do business with him after he left office, despite his substantial assets.
- Trump alleges this was due to political bias, targeting conservatives, Christians, and Second Amendment supporters.
- He recounts being forced to close long-standing accounts and being denied the ability to deposit over $1 billion.
2. Draft Executive Order
- Trump is reportedly preparing an executive order to penalize banks for politically motivated debanking.
- The order would invoke laws like the Equal Credit Opportunity Act, antitrust laws, and consumer protection statutes.
- Enforcement could include financial penalties, consent decrees, or other sanctions.
3. Market & Bank Responses
- JP Morgan Chase and Bank of America stocks dipped slightly following Trump’s remarks.
- JP Morgan denied closing accounts for political reasons but expressed openness to regulatory reform.
- Bank of America declined to comment.
4. Claims of Gerrymandering
- The podcast criticizes Democratic-led states for alleged gerrymandering, presenting data on disproportionate representation of conservatives in states like California, Massachusetts, New York, and Illinois.
- It contrasts this with redistricting efforts in Texas, defending them as legal and representative.
5. Texas Legislative Walkout
- Over 50 Texas House Democrats fled the state to block a GOP redistricting plan.
- Governor Greg Abbott responded with threats of civil arrest and legal action.
- The walkout is compared to past quorum-breaking strategies in Texas.
6. Flood Relief Controversy
- Democrats are accused of downplaying flood recovery efforts in Texas, calling it a “Republican talking point.”
- The episode criticizes Democratic lawmakers for allegedly prioritizing political strategy over disaster relief.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
I've got a very important update for you on a
story that we talked about yesterday, and it was the
claim by Donald Trump that banks had been d banking
conservative groups, Christian organizations, Second Amendment organizations. And now we
know even more about how banks had been d banking
(00:22):
Donald Trump after he left the White House. In twenty sixteen,
in an interview on CNBC, Donald Trump said that JP Morgan,
Chase and Bank of America, two of the biggest banks
in this country, refused to do business with him, despite
him having hundreds of million in cash and longstanding customer
(00:47):
relationships with them.
Speaker 2 (00:49):
He alleged in.
Speaker 1 (00:50):
The interview that JP Morgan asked him to close decades
old accounts with just twenty days notice, and that Bank
of America even declined his depositive over one billion dollars.
Trump attributed this to political bias, saying they discriminated against
(01:12):
many Conservatives, many Trump supporters, and many Christians. Supporters of
Donald Trump, like tech investor Mark Andresen have echoed broader
claims of conservatives being quote d banked, including crypto entrepreneurs,
under what they called Operation Checkpoint two point zero, which
(01:36):
brings us to the draft Executive Order that I told
you about yesterday. It would penalize banks for political debanking.
I want you to hear President Donald Trump calling out
the JP Morgan Chase CEO Jamie Diamond for debanking him,
and also calling out Bank of America as he tells
(01:57):
a story of what happened when he left the White House.
The first time I did discriminate.
Speaker 3 (02:02):
I had JP Morgan Chase. I had hundreds of millions
of dollars in cash. I could see if they want to,
you know, if they want to do something bad because
you don't have any money and you're defaulted, and they
took people out. But I'll give you me as an example.
I had hundreds of millions. I had many, many accounts
loaded up with cash. I was loaded up with cash,
(02:24):
and they told me, I'm sorry, sir, we can't have you.
You have twenty days to get out. I said, you
got to be kidding. I've been with you for thirty
five forty years, they said, And I mean I had
all this. I didn't know what to do with it.
And I went to and you could ask him, maybe
(02:45):
he's not going to admit it. So I said, you know,
I was informed by my people that we have to
get out of Chase Man and that's Jamie and JP
Morgan Chase. So I said, I can't believe it. Well,
I was never in this situation before. I've never had
anything like it. And it's not like g you defaulted
and alone. You know, Jesus if I could understand that,
(03:06):
that's different. But there's no default. I mean, there's nothing
but caresh, it's a really gut. I have a really
great company. And then what happens is I call a
Bank of America routinely, because when I was president, this
was after I got out of the way. I call
a Bank of America routinely, and I speak to him,
and I speak to a couple of people, and they
have zero interest. Brian was kissing my ass when I
(03:30):
was president, and when I called him after I was
president to deposit a billion dollars plus and a lot
of other things. More importantly, to open accounts, which banks
always like. They like accounts because they get interest free,
you know, the overnights and things are a lot of
reasons for it, but they like accounts. I had hundreds
of accounts and he said, we can't do it. Nope,
(03:51):
we can't do it. So I went to another, one, another,
one another one. I ended up going to small banks
all over the place. I mean I was putting ten
million here, ten million there, did five million, ten million,
twelve million and a half them all over the place.
The craziest thing. And it's lucky I even had them.
They were doing me a favor. And that's because the
banks discriminated against me very badly. And I was very
(04:14):
good to the banks. I had the greatest economy in
the history of our country when I was president, and
by the way, our economy now will blow that away,
and you see it happening. But our economy now because
we're a rich country again, because of our trade deals,
we've become a rich country again. But now they totally
discriminate against I think me, maybe even more. But they
(04:34):
discriminated against many conservatives. You know, I told that story,
and sitting around tables with other people that were conservative
or Trump supporters. I think the word might be Trump
supporters more than conservative. And I believe what they did
is they went to the regulators. You know, banks are
not afraid of anything but a regulator, their regulators, and
their wives. They're more afraid of their wives than the regulators.
(04:56):
But the the group they're really afraid of is bank regulators.
And I believe that Biden or Kamala and I don't
think they're smart enough to do it. But the people
that are surrounding the beautiful resolute desk, you know, the
high IQ people that are radical left. I believe they
told the Banking Commission, the bankers, that the banking regulators
(05:21):
do everything you can to destroy Trump. And that's what
they did. And guess what, I'm president, How did that happen?
Speaker 1 (05:28):
President Trump making it very clear he's not backing down
from this. He believes many others were the bank just
like he was, and saying he's going to use executive
orders to make sure it never happens again. Let me
tell you about Patriot Mobile real quick. Are you one
of those who's just so tired of giving your money
to radical left woke companies that actually are fighting against
(05:49):
your values every day? Well, there are certain bills that
you pay every month that if you can go with
a conservative company, why not do it?
Speaker 2 (05:58):
In fact, why go with.
Speaker 1 (06:00):
A conservative company actually takes part of your bill every
month that you're going to pay to somebody and they
give it back to organizations that support your First and
your Second Amendment rights that support the rights of unborn children.
That stand with our military are first responders and so
many wounded warriors that need help. Well, that bill I'm
(06:21):
talking about is your cell phone bill. And I've been
telling you for a long time about Patriot Mobile. But
there's no better time to switch than right now. Not
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(06:42):
and every text you make.
Speaker 2 (06:43):
And why would you want to give your money to
Big Mobile?
Speaker 1 (06:46):
Big Mobile has been giving big donations to democratic causes,
democratic candidates, and radical left organizations. I'm talking about organizations
that actually support abortion. That is why I want you
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(07:07):
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(07:28):
what are you waiting for? Call Patriot Mobile today and
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Patriot Mobile dot com slash ferguson. That's Patriot Mobile dot
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(07:50):
Mobile dot com slash ferguson or nine seven two Patriot.
That's Patriot Mobile dot com slash ferguson or ninety seven
to two Patriot. Now let's get to the executive order.
A draft executive order reportedly is under review as we speak,
and it would direct regulators to probe banks under the
Equal Credit Opportunity Act, also antitrust laws and consumer protection
(08:16):
statutes if they've quote politicized or unlawfully de banked customers,
including shutting accounts over religious beliefs, political affiliation, or involvement
in crypto as well. Enforcement could include financial penalties, consent decrees,
(08:37):
or other sanctions against non compliant banks. The Washington Post
is reporting at this hour. Market reaction and responses from
the banks have also been very interesting. Following Donald Trump's remarks.
Shares of JP Morgan Chase fell approximately one percent, while
Bank of America dropped about zero point three percent. Broader
(08:59):
bank indexes like the KBW, NAZAC Bank Index and XLF
and ETF also slid zero point two percent.
Speaker 3 (09:11):
Now.
Speaker 1 (09:11):
JP Morgan has also responded, saying we don't close accounts
for political reasons, but welcome discussion on regulatory reform. Bank
of America declined to comment beyond emphasizing the regulatory stability
and how important it is for the marketplace. Big banks
say they also agree with President Donald Trump that financial
(09:34):
regulations need an overhaul, even as their stock prices dropped
after the President confirmed plans to issue the executive order
to punish those that he said discriminated against him and
other conservatives. Trump complained that the banks allegedly acted unfairly,
specifically towards him, and that he wanted to open accounts
with him and they said no, as you heard in
(09:55):
the audio. The other part that's interesting is what JP
Morgan is now saying in response to this, saying, well,
we don't close accounts for political reasons, and we agree
with President Trump that regulatory change is deeply needed. The
spokesman said, JP Morgan looks forward to working with Trump
on overhauling banking regulations and praised his quote efforts to
(10:18):
address shortfalls in the current regulatory system. Now, the Bank
of America spokesman just straight up declined to comment ahead
of morn A Hand's scheduled appearance on CNBC. A Bank
Policy Institute spokesman said, we're hopeful that any forthcoming executive
order will direct regulators to confront the flawed regulatory framework
(10:39):
that gave rise to these concerns. Republicans, by the way,
also getting in on this, including Senator Tim Scott of
South Carolina, have also complained about banks alleged treatment of conservatives. Scott,
who chairs a Senate banking committee, said during a hearing
in February that quote, it is incredibly alarming and disheartening
(11:00):
to hear about banks cutting off services to digital asset firms,
political figures, and conservative aligned businesses and individuals. That is
exactly why the President now says he must act. You've
probably seen the story about Democrats from Texas State legislature
(11:20):
fleeing the state, many of them to Illinois so that
they didn't have to deal with redistricting. And Democrats and
the media like or are joining hand in hand to
make sure they lie to you about the reality of
jerry mandering in this country, which happens overwhelmingly in democratic states. Now,
(11:40):
what they're doing in Texas is very clearly not jerry mandering.
You can see it from the maps that they've made public.
What is happening in other states is shocking, And in
other states, what's even more shocking is how the media
didn't freak out about it. Insert CNN's Jake Tapper claiming
that democratic jerry mandering, for example, in Illinois is merely
(12:03):
quote an exception to the rule, and he says the
worst offenders are really republican states without any evidence. But hey,
who needs evidence when you're Jake Tapper, listen to his
own words on his own show.
Speaker 4 (12:17):
Look at the map, right, You have some exceptions, like Illinois,
there's blatant democratic jerry mandering, but most of the worst
offenders when it comes to jerrymandering are republican states such
as Taxis.
Speaker 1 (12:31):
So let's just talk for a moment. About what it
looks like in liberal states. Red states, by the way,
got nothing on blue state jerry mandering, and we have
the numbers to back it up. Let's take a look
at California, and by the way, everything I'm telling you
right now, this is why I do this show. So
(12:52):
please make sure you share this wherever you can on
social media. California, we're going to start with forty percent
of the statewide vote is read. That's right, forty percent
of the statewide vote. So what does it look like
when it comes to conservatives. Conservatives only have seventeen percent
(13:16):
of the seats there in California, nine out of the
fifty two. Take a look at Massachusetts, thirty five percent
is read of the statewide votes, zero percent of the seats,
that's right, zero out of nine go to conservatives. That's jerrymandering. Connecticut,
(13:41):
thirty eight percent of the state wide votes are conservative,
yet zero percent of the seats, zero out of five
in Connecticut are for conservatives. Take a look at New York,
where forty two percent of the state wide votes go
to conservatives and only twenty six point nine nine percent
of the seats seven out of twenty six go to conservatives.
(14:06):
Take a look at New Jersey. New Jersey actually has
forty three percent conservative when it comes to statewide vote.
Only twenty five percent of the seats, however, go to conservatives,
just three out of twelve. Then you move to Maryland,
thirty eight percent of the state wide vote is conservative,
yet twelve percent of the seats. Only one out of
(14:26):
eight in Maryland goes to conservatives. Look at New Mexico,
for example, forty four percent of the state wide vote
goes to conservatives, so surely that would be proportional right
in representation. No, zero percent of the seats, zero out
of three in New Mexico go to conservatives. Look at Hawaii,
(14:50):
thirty percent of the state wide vote goes to conservatives
and zero percent of the seats, yet again zero out
of two go to conservatives. That's called jerrymandering. Oregon is
another great example and a shocking example of jerry mandering.
Forty two percent of the state wide vote goes to conservatives,
yet sixteen percent of the seats, or one out of six,
(15:14):
is a conservative. In Washington state, thirty eight percent of
the vote goes to conservatives, but only sixteen percent of
the seats, one out of six seats is a conservative seat.
Washington State, a state where there are thirty eight percent
of the vote statewide goes to conservatives, and only two
(15:36):
out of the ten seats there are conservatives, just twenty percent.
How about Rhode Island, thirty eight percent of the state
wide voters for conservatives and zero of the seats, zero
out of two go to conservatives. So when you look
at this type of media misinformation, it gives people like
(15:56):
Gavin Newsom licensed to suppress votes even for it's also
well jerry mannering, and it's significantly worse than what they're
claiming is jerry mannering in Texas. It's actually not. It's disgusting,
but yes, the media is going to lie to you,
and they're going to continue to lie about this exact issue,
(16:17):
and that's exactly why you shouldn't fall for it. What's
also shocking about this story is who's getting involved in
the story. You look at the states that are harboring
the Texas legislators that fled, they are sanctuary cities and
sanctuary states. They're hardcore liberal places where they believe that
they are above the law and they don't have to
(16:39):
abide by the law. Even Eric Holder, the former Attorney
General of the United States of America, claims that the
House might not certify the twenty twenty eight President Joe
election because of the redrawn maps in Texas, will elect
quote partisan hacks. This was said by AMA's wingman on MSNBC.
(17:03):
It's deeply revealing about what the Democrats really want to
do when it comes to jerrymandering. Listen carefully, this is
not a Texas problem.
Speaker 5 (17:13):
Yeah, this is the focus of this issue is Texas.
But this is a national problem. And you got to
understand if somehow, some way Republicans are able to hold
onto the House next year, and in spite of the
fact that I think they should lose because of you know,
the big budget build that took healthcare away from millions
of people, that gave tax breaks to billionaires who didn't
(17:37):
need it, if they were somehow able to hold onto
the House in twenty twenty six, that is the House
of Representatives that would have to certify who won the
presidential election come twenty twenty eight, twenty twenty nine. Now,
if you want to play with fire, and that's what
we're doing here, you put in a bunch of hardisan
acts who are not supposed to be in the House,
(17:57):
who are there because of jerrymandering and whole range of
other things that Republicans are doing, and then put at
risk the possibility that that body would not certify who
the next president was. That is that's why this is
a national problem. This is not something only the Texans
ought to be concerned about.
Speaker 1 (18:15):
Incredibly revealing to hear Eric Holding claim something is outrageous
and egregious as what he just said. And I go
back to the main point here. Democrats are doing this
all over the country. They're doing it, and they know
what they're doing as jerrymandering. What they're doing in Texas
is redrawing the districts the way that the people that
(18:35):
voted them into office want it done, in an open
and transparent way. And they're not doing it where Republicans
have all control. What they're doing is representing the people
of Texas. And so yes, this is exactly why the
President United States of America is calling out the media.
(18:55):
It's exactly why Republicans are not backing down. It is
exactly why the President of the United States of America says,
do it openly, do it in the public let people
understand what's happening, and let me end by giving you
one example of just how corrupt the Democrats are in Texas.
(19:18):
There is a Texas Democrat by the name of James Talerico,
and what is he saying. He's actually saying on ABC
News that flood recovery for everything that just happened in Texas.
Quote was a Republican talking point. That's right. In the
special session which was called one of the things they
(19:40):
were going to tackle was all of the flood relief
that was needed for so many that were hurt in
the massive flooding in Texas. And now Democrats are so
soulist they're saying, oh, that's just a talking point, we
don't have to deal with that right away.
Speaker 6 (19:55):
And as you know, that means that there is other
legislation that's going to be the victim of that, and
that includes this bill for flood assistance for those Texans
who were impacted by those devastating floods on July fourth.
Are you concerned that all of this could ultimately be
a mistake if that legislation also becomes a victim of.
Speaker 7 (20:15):
This, This is a Republican talking point. I'm concerned that
Greg Abbott decided to play politics with flood victims and
their families. The only emergency that we should be coming
to the state capital to address is flood mitigation and
disaster prevention. That's what Texans want us to focus on.
It's why my Democratic colleagues and I showed up on
the first day of the special legislative session two weeks ago.
(20:39):
We begged our Republican colleagues to prioritize flood victims and
their families, and they refused.
Speaker 6 (20:45):
But the reality is But the reality is the consequence
of the decision, regardless of whether or not it's a talking point,
is that this bill is not going to advance.
Speaker 7 (20:53):
Is that a bad idea?
Speaker 6 (20:54):
If this bill does an advance?
Speaker 7 (20:56):
And who put flood mitigation after redisseerting on the the.
Speaker 6 (21:00):
Republicans they control the floor. They have made that exactly,
But there will be consequences to your decision here too,
will They're not And.
Speaker 7 (21:08):
You know why they did that is so that they
could play politics with those flood victims, so that they
could pressure us to give away our constituents' voices in
the democratic process. They're using flood victims to try to
get us to agree to these corrupt maps so they
can rig the next election. We are not willing to
sacrifice the American experiment. We begged them to prioritize flood victims,
(21:29):
and they refuse to do so. This is cynical politics
at its worst.
Speaker 1 (21:34):
Yet again Democrats lying about what actually is happening in
the special session and calling funding those who need this
massive amount of help with the Texas flood victims. Oh,
it's just a quote talking point, and that's exactly how
sick they really are. Over fifty Texas House Democrats, including
(21:58):
sixty two members total in the lower chamber, have left Texas,
traveling to Illinois, New York, and Massachusetts. Well, at least
they're consistent up there being sanctuary states and cities. Why
to deny quorum and block a GOP back congressional redistricting
plan that would likely add up to five new Republican
(22:20):
leaning US House seats, That is the claim by Democrats
and why they're now fleeing the state. Now. This strategy
mirrors previous walkouts in twenty twenty one and in two
thousand and three in Texas, where the quorum rules were
used to slow down legislation. Governor Greg Abbott has now responded,
(22:41):
issuing a three pm Monday ultimatum for Democrats to return
or face serious consequences. He threatened to quote invoke a
twenty twenty one AG opinion allowing courts to cleare seats
vacant due to intentional quote abandonment office. He also could
(23:02):
seek civil arrest warrants for absent members, valid only however,
inside of Texas, which is why so many Democrats have
fled to liberal states. Also, he can investigate potential felony
charges for fundraising to pay the five hundred dollars day
fines that are being imposed by the House rules. Now,
(23:25):
the Texas House passed an eighty five to six vote
authorizing the Sergeant in Arms to issue civil arrest warrants
for those that were purposely absent. Now. Breaking quorum, by
the way, is not a crime, making extradition impossible. Abbott
cannot legally compel lawmakers to return from other states directly,
(23:50):
is what is being said now by Politico. Declarations of
vacancy would require individual court action in each lawmaker's district,
years of litigation and with delay redistricting beyond the December
twenty twenty five deadline for the twenty twenty six primaries.
And that's exactly why Democrats are playing this game. Texas
(24:14):
Democrats maintain they are quote standing up for democratic norms,
not running away. You can decide how ridiculous they actually
are in your own minds. But many of the representatives
are now taking more heat. Why because they are prioritizing
the Democrats' agenda over prioritizing flood relief. Yes, that was
(24:38):
one of the issues on the table that they're now
fleeing from. I'll give you just another example of also
how many liberal cities are helping them and states. The
Illinois governor Pritzker publicly backed the lawmaker's actions, calling them
a courageous defense of democracy and saying welcome to Illinois.
(24:59):
Democrats are characterizing the governor of Texas Abbot's threats as
quote smoking mirrors, pointing out that constitutional tools like quorum
breaks are legitimate devices they say to use under Texas law. Now,
Greg Abbott, the Texas governor, he's not playing around at
all with what the Democrats are doing. In fact, he
(25:21):
gave them a three pm deadline to get back to
the House chambers. The Democrats did not comply, and after
that he sat down with Sean Hannity on his show
on Fox News, and I want you to hear exactly
what the governor had to say.
Speaker 8 (25:35):
Very latest from Austin is Texas Governor Greg Abbott, Governor.
When I looked, I have a whole sheet here of
every single Democratic state, and it's just like the examples
I put up there. They have jerry mandered their states
left right, sideways. They're saying, well, they're gonna they're gonna
do to their states what you're doing in Texas. They
(25:59):
already did it in all of these blue states. Frankly,
Republicans should have caught up a long time ago.
Speaker 9 (26:05):
Well, Sean, first of all, Texas is doing what we
are allowed to by the law. And one reason why
that law exists the way that it does is because
the Democrats brought a lawsuit after our last redistricting and
that decision, and that lawsuit came out last year, and
that lawsuit recognized that coalition districts are not required, and
so Texas has a right to redraw these lines to
(26:26):
fully represent the desires of every voter in the state.
But Sean, that misses the point here. The point here
is that Democrats have done something that's very Untexan. They've
turned their backs on their fellow Texans. When it came
to a fight, they turned and ran away. Not just
from this redistricting fight, they ran away from dealing with
the flooding issues that are still echoing across the Curveville area.
(26:50):
Families desperately need results from the state legislature in this
thirty day special session that are not going to be
delivered because Democrats are hanging out in Chicago and New
York and other place.
Speaker 2 (27:00):
Yeah, all right, let me run through the states.
Speaker 8 (27:02):
California Republicans thirty nine percent of the House vote, but
they only have seventeen percent of the seats. Connecticut Republicans
forty percent of the House vote, zero seats, none Zip Illinois.
Speaker 2 (27:14):
Twenty twenty four Republicans.
Speaker 8 (27:16):
They got a pretty respectable forty seven percent of the
statewide vote, eighteen percent of House seats. Maryland, one of
the bluest states, Trump gets thirty five percent, but they
only have twelve percent.
Speaker 2 (27:27):
Of House seats.
Speaker 8 (27:29):
Massachusetts again, zero house seats. Nevada is even worse for
Republicans win the state. They won the state House by
ten points, walked away with one single House seat in
the entire state.
Speaker 2 (27:43):
That's it.
Speaker 8 (27:44):
So this has been the practice of these states for
the longest.
Speaker 2 (27:47):
Period of time.
Speaker 8 (27:48):
Now they want to attack you, and I'm thinking, Okay,
what you're doing is exactly what they did.
Speaker 10 (27:52):
Well, and not even that sean.
Speaker 9 (27:54):
To be honest, the Texas maps are not going to
be as extreme as those other blue states that you
talked about. But another thing, and that is what Texas
is doing under these new maps. Four of the five
new seats will be a majority Hispanic seats. One of
the seats is going to restore the Barbara Jordan's seat
over in the Houston area. And so these are seats
(28:16):
where Democrats are having to come to grips with the reality,
and that is they are now losing the votes of
Hispanics and black voters in the state of Texas. And
these districts are going to show that Hispanics in Blacks
as well as others are voting for Republican and Republican
is their candadate of choice. And we will ensure that
will be achieved at the congressional level in the state
(28:36):
of Texas well.
Speaker 8 (28:37):
Certainly it should be somewhat proportional to what the vote
is What is your response to Kathy Hochel who says
that we are at war over Texas and the redistricting
push that's going on in Texas.
Speaker 10 (28:51):
There's a bunch of crazy bluster.
Speaker 9 (28:53):
Democrats are freaking out because they are realizing Texas has
the authority to redistrict and we're going to do so
way that's going to lead to these additional seats that
will vote Republican and they will be serving in Congress
in the next session. And so Democrats are freaking out
about it, engaging in rhetoric, but I don't think they
have the capability of actually living up to it and
(29:13):
doing anything about. Texas will continue to fight for what
is right, and that's exactly what we are doing.
Speaker 8 (29:18):
Is it a fair statement to say that Republicans, in
terms of the percentages and numbers that they have voted,
have been unfairly cheated out of their representation.
Speaker 2 (29:31):
I think that's a more fair statement.
Speaker 9 (29:32):
Well, a different way to say it, and that is
at least in Texas.
Speaker 10 (29:38):
Yeah, and I'll talk about both.
Speaker 9 (29:40):
In Texas, we are going to ensure that voters are
going to be able to vote for their candidate of choice.
For example, I think Donald Trump won in all five
of these seats that we will be making Republican seats.
The same thing should apply in all those other states.
Speaker 10 (29:53):
Sean that you mentioned in.
Speaker 9 (29:55):
Your monologue where you pointed out the gross jerrymandering in
these blue states have rejected Republican candidates for office that
should be serving those states, should be serving our country.
It's the jurymandering in the blue states that has started
the politics in America.
Speaker 1 (30:11):
Yeah, if you want to know who's actually gerrymandering in
this country, it's clearly Democrats in all of the democratic
states that we're mentioned there. Make sure you share this
podcast with your family and friends, put it up on
social media wherever you are, and we appreciate you listening
every day.
Speaker 2 (30:26):
We'll see you back here tomorrow.
I've got a very important update for you on a
story that we talked about yesterday, and it was the
claim by Donald Trump that banks had been d banking
conservative groups, Christian organizations, Second Amendment organizations. And now we
know even more about how banks had been d banking
(00:22):
Donald Trump after he left the White House. In twenty sixteen,
in an interview on CNBC, Donald Trump said that JP Morgan,
Chase and Bank of America, two of the biggest banks
in this country, refused to do business with him, despite
him having hundreds of million in cash and longstanding customer
(00:47):
relationships with them.
Speaker 2 (00:49):
He alleged in.
Speaker 1 (00:50):
The interview that JP Morgan asked him to close decades
old accounts with just twenty days notice, and that Bank
of America even declined his depositive over one billion dollars.
Trump attributed this to political bias, saying they discriminated against
(01:12):
many Conservatives, many Trump supporters, and many Christians. Supporters of
Donald Trump, like tech investor Mark Andresen have echoed broader
claims of conservatives being quote d banked, including crypto entrepreneurs,
under what they called Operation Checkpoint two point zero, which
(01:36):
brings us to the draft Executive Order that I told
you about yesterday. It would penalize banks for political debanking.
I want you to hear President Donald Trump calling out
the JP Morgan Chase CEO Jamie Diamond for debanking him,
and also calling out Bank of America as he tells
(01:57):
a story of what happened when he left the White House.
The first time I did discriminate.
Speaker 3 (02:02):
I had JP Morgan Chase. I had hundreds of millions
of dollars in cash. I could see if they want to,
you know, if they want to do something bad because
you don't have any money and you're defaulted, and they
took people out. But I'll give you me as an example.
I had hundreds of millions. I had many, many accounts
loaded up with cash. I was loaded up with cash,
(02:24):
and they told me, I'm sorry, sir, we can't have you.
You have twenty days to get out. I said, you
got to be kidding. I've been with you for thirty
five forty years, they said, And I mean I had
all this. I didn't know what to do with it.
And I went to and you could ask him, maybe
(02:45):
he's not going to admit it. So I said, you know,
I was informed by my people that we have to
get out of Chase Man and that's Jamie and JP
Morgan Chase. So I said, I can't believe it. Well,
I was never in this situation before. I've never had
anything like it. And it's not like g you defaulted
and alone. You know, Jesus if I could understand that,
(03:06):
that's different. But there's no default. I mean, there's nothing
but caresh, it's a really gut. I have a really
great company. And then what happens is I call a
Bank of America routinely, because when I was president, this
was after I got out of the way. I call
a Bank of America routinely, and I speak to him,
and I speak to a couple of people, and they
have zero interest. Brian was kissing my ass when I
(03:30):
was president, and when I called him after I was
president to deposit a billion dollars plus and a lot
of other things. More importantly, to open accounts, which banks
always like. They like accounts because they get interest free,
you know, the overnights and things are a lot of
reasons for it, but they like accounts. I had hundreds
of accounts and he said, we can't do it. Nope,
(03:51):
we can't do it. So I went to another, one, another,
one another one. I ended up going to small banks
all over the place. I mean I was putting ten
million here, ten million there, did five million, ten million,
twelve million and a half them all over the place.
The craziest thing. And it's lucky I even had them.
They were doing me a favor. And that's because the
banks discriminated against me very badly. And I was very
(04:14):
good to the banks. I had the greatest economy in
the history of our country when I was president, and
by the way, our economy now will blow that away,
and you see it happening. But our economy now because
we're a rich country again, because of our trade deals,
we've become a rich country again. But now they totally
discriminate against I think me, maybe even more. But they
(04:34):
discriminated against many conservatives. You know, I told that story,
and sitting around tables with other people that were conservative
or Trump supporters. I think the word might be Trump
supporters more than conservative. And I believe what they did
is they went to the regulators. You know, banks are
not afraid of anything but a regulator, their regulators, and
their wives. They're more afraid of their wives than the regulators.
(04:56):
But the the group they're really afraid of is bank regulators.
And I believe that Biden or Kamala and I don't
think they're smart enough to do it. But the people
that are surrounding the beautiful resolute desk, you know, the
high IQ people that are radical left. I believe they
told the Banking Commission, the bankers, that the banking regulators
(05:21):
do everything you can to destroy Trump. And that's what
they did. And guess what, I'm president, How did that happen?
Speaker 1 (05:28):
President Trump making it very clear he's not backing down
from this. He believes many others were the bank just
like he was, and saying he's going to use executive
orders to make sure it never happens again. Let me
tell you about Patriot Mobile real quick. Are you one
of those who's just so tired of giving your money
to radical left woke companies that actually are fighting against
(05:49):
your values every day? Well, there are certain bills that
you pay every month that if you can go with
a conservative company, why not do it?
Speaker 2 (05:58):
In fact, why go with.
Speaker 1 (06:00):
A conservative company actually takes part of your bill every
month that you're going to pay to somebody and they
give it back to organizations that support your First and
your Second Amendment rights that support the rights of unborn children.
That stand with our military are first responders and so
many wounded warriors that need help. Well, that bill I'm
(06:21):
talking about is your cell phone bill. And I've been
telling you for a long time about Patriot Mobile. But
there's no better time to switch than right now. Not
only does Patriot Mobile operate on all three major networks
in this country, yeah, all three. That means you get
the same great coverage you're used to right now, but
you also make a difference with every call you make
(06:42):
and every text you make.
Speaker 2 (06:43):
And why would you want to give your money to
Big Mobile?
Speaker 1 (06:46):
Big Mobile has been giving big donations to democratic causes,
democratic candidates, and radical left organizations. I'm talking about organizations
that actually support abortion. That is why I want you
to switch right now to Patriot Mobile. Go ahead and
make the switch, and it's so easy. All you have
(07:07):
to do is simply call Patriot Mobiles one hundred percent
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if you're still locked in a contract, not a problem.
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or upgrade do a new one. So back to my point,
(07:28):
what are you waiting for? Call Patriot Mobile today and
make a difference every single day with every call you make.
Patriot Mobile dot com slash ferguson. That's Patriot Mobile dot
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(07:50):
Mobile dot com slash ferguson or nine seven two Patriot.
That's Patriot Mobile dot com slash ferguson or ninety seven
to two Patriot. Now let's get to the executive order.
A draft executive order reportedly is under review as we speak,
and it would direct regulators to probe banks under the
Equal Credit Opportunity Act, also antitrust laws and consumer protection
(08:16):
statutes if they've quote politicized or unlawfully de banked customers,
including shutting accounts over religious beliefs, political affiliation, or involvement
in crypto as well. Enforcement could include financial penalties, consent decrees,
(08:37):
or other sanctions against non compliant banks. The Washington Post
is reporting at this hour. Market reaction and responses from
the banks have also been very interesting. Following Donald Trump's remarks.
Shares of JP Morgan Chase fell approximately one percent, while
Bank of America dropped about zero point three percent. Broader
(08:59):
bank indexes like the KBW, NAZAC Bank Index and XLF
and ETF also slid zero point two percent.
Speaker 3 (09:11):
Now.
Speaker 1 (09:11):
JP Morgan has also responded, saying we don't close accounts
for political reasons, but welcome discussion on regulatory reform. Bank
of America declined to comment beyond emphasizing the regulatory stability
and how important it is for the marketplace. Big banks
say they also agree with President Donald Trump that financial
(09:34):
regulations need an overhaul, even as their stock prices dropped
after the President confirmed plans to issue the executive order
to punish those that he said discriminated against him and
other conservatives. Trump complained that the banks allegedly acted unfairly,
specifically towards him, and that he wanted to open accounts
with him and they said no, as you heard in
(09:55):
the audio. The other part that's interesting is what JP
Morgan is now saying in response to this, saying, well,
we don't close accounts for political reasons, and we agree
with President Trump that regulatory change is deeply needed. The
spokesman said, JP Morgan looks forward to working with Trump
on overhauling banking regulations and praised his quote efforts to
(10:18):
address shortfalls in the current regulatory system. Now, the Bank
of America spokesman just straight up declined to comment ahead
of morn A Hand's scheduled appearance on CNBC. A Bank
Policy Institute spokesman said, we're hopeful that any forthcoming executive
order will direct regulators to confront the flawed regulatory framework
(10:39):
that gave rise to these concerns. Republicans, by the way,
also getting in on this, including Senator Tim Scott of
South Carolina, have also complained about banks alleged treatment of conservatives. Scott,
who chairs a Senate banking committee, said during a hearing
in February that quote, it is incredibly alarming and disheartening
(11:00):
to hear about banks cutting off services to digital asset firms,
political figures, and conservative aligned businesses and individuals. That is
exactly why the President now says he must act. You've
probably seen the story about Democrats from Texas State legislature
(11:20):
fleeing the state, many of them to Illinois so that
they didn't have to deal with redistricting. And Democrats and
the media like or are joining hand in hand to
make sure they lie to you about the reality of
jerry mandering in this country, which happens overwhelmingly in democratic states. Now,
(11:40):
what they're doing in Texas is very clearly not jerry mandering.
You can see it from the maps that they've made public.
What is happening in other states is shocking, And in
other states, what's even more shocking is how the media
didn't freak out about it. Insert CNN's Jake Tapper claiming
that democratic jerry mandering, for example, in Illinois is merely
(12:03):
quote an exception to the rule, and he says the
worst offenders are really republican states without any evidence. But hey,
who needs evidence when you're Jake Tapper, listen to his
own words on his own show.
Speaker 4 (12:17):
Look at the map, right, You have some exceptions, like Illinois,
there's blatant democratic jerry mandering, but most of the worst
offenders when it comes to jerrymandering are republican states such
as Taxis.
Speaker 1 (12:31):
So let's just talk for a moment. About what it
looks like in liberal states. Red states, by the way,
got nothing on blue state jerry mandering, and we have
the numbers to back it up. Let's take a look
at California, and by the way, everything I'm telling you
right now, this is why I do this show. So
(12:52):
please make sure you share this wherever you can on
social media. California, we're going to start with forty percent
of the statewide vote is read. That's right, forty percent
of the statewide vote. So what does it look like
when it comes to conservatives. Conservatives only have seventeen percent
(13:16):
of the seats there in California, nine out of the
fifty two. Take a look at Massachusetts, thirty five percent
is read of the statewide votes, zero percent of the seats,
that's right, zero out of nine go to conservatives. That's jerrymandering. Connecticut,
(13:41):
thirty eight percent of the state wide votes are conservative,
yet zero percent of the seats, zero out of five
in Connecticut are for conservatives. Take a look at New York,
where forty two percent of the state wide votes go
to conservatives and only twenty six point nine nine percent
of the seats seven out of twenty six go to conservatives.
(14:06):
Take a look at New Jersey. New Jersey actually has
forty three percent conservative when it comes to statewide vote.
Only twenty five percent of the seats, however, go to conservatives,
just three out of twelve. Then you move to Maryland,
thirty eight percent of the state wide vote is conservative,
yet twelve percent of the seats. Only one out of
(14:26):
eight in Maryland goes to conservatives. Look at New Mexico,
for example, forty four percent of the state wide vote
goes to conservatives, so surely that would be proportional right
in representation. No, zero percent of the seats, zero out
of three in New Mexico go to conservatives. Look at Hawaii,
(14:50):
thirty percent of the state wide vote goes to conservatives
and zero percent of the seats, yet again zero out
of two go to conservatives. That's called jerrymandering. Oregon is
another great example and a shocking example of jerry mandering.
Forty two percent of the state wide vote goes to conservatives,
yet sixteen percent of the seats, or one out of six,
(15:14):
is a conservative. In Washington state, thirty eight percent of
the vote goes to conservatives, but only sixteen percent of
the seats, one out of six seats is a conservative seat.
Washington State, a state where there are thirty eight percent
of the vote statewide goes to conservatives, and only two
(15:36):
out of the ten seats there are conservatives, just twenty percent.
How about Rhode Island, thirty eight percent of the state
wide voters for conservatives and zero of the seats, zero
out of two go to conservatives. So when you look
at this type of media misinformation, it gives people like
(15:56):
Gavin Newsom licensed to suppress votes even for it's also
well jerry mannering, and it's significantly worse than what they're
claiming is jerry mannering in Texas. It's actually not. It's disgusting,
but yes, the media is going to lie to you,
and they're going to continue to lie about this exact issue,
(16:17):
and that's exactly why you shouldn't fall for it. What's
also shocking about this story is who's getting involved in
the story. You look at the states that are harboring
the Texas legislators that fled, they are sanctuary cities and
sanctuary states. They're hardcore liberal places where they believe that
they are above the law and they don't have to
(16:39):
abide by the law. Even Eric Holder, the former Attorney
General of the United States of America, claims that the
House might not certify the twenty twenty eight President Joe
election because of the redrawn maps in Texas, will elect
quote partisan hacks. This was said by AMA's wingman on MSNBC.
(17:03):
It's deeply revealing about what the Democrats really want to
do when it comes to jerrymandering. Listen carefully, this is
not a Texas problem.
Speaker 5 (17:13):
Yeah, this is the focus of this issue is Texas.
But this is a national problem. And you got to
understand if somehow, some way Republicans are able to hold
onto the House next year, and in spite of the
fact that I think they should lose because of you know,
the big budget build that took healthcare away from millions
of people, that gave tax breaks to billionaires who didn't
(17:37):
need it, if they were somehow able to hold onto
the House in twenty twenty six, that is the House
of Representatives that would have to certify who won the
presidential election come twenty twenty eight, twenty twenty nine. Now,
if you want to play with fire, and that's what
we're doing here, you put in a bunch of hardisan
acts who are not supposed to be in the House,
(17:57):
who are there because of jerrymandering and whole range of
other things that Republicans are doing, and then put at
risk the possibility that that body would not certify who
the next president was. That is that's why this is
a national problem. This is not something only the Texans
ought to be concerned about.
Speaker 1 (18:15):
Incredibly revealing to hear Eric Holding claim something is outrageous
and egregious as what he just said. And I go
back to the main point here. Democrats are doing this
all over the country. They're doing it, and they know
what they're doing as jerrymandering. What they're doing in Texas
is redrawing the districts the way that the people that
(18:35):
voted them into office want it done, in an open
and transparent way. And they're not doing it where Republicans
have all control. What they're doing is representing the people
of Texas. And so yes, this is exactly why the
President United States of America is calling out the media.
(18:55):
It's exactly why Republicans are not backing down. It is
exactly why the President of the United States of America says,
do it openly, do it in the public let people
understand what's happening, and let me end by giving you
one example of just how corrupt the Democrats are in Texas.
(19:18):
There is a Texas Democrat by the name of James Talerico,
and what is he saying. He's actually saying on ABC
News that flood recovery for everything that just happened in Texas.
Quote was a Republican talking point. That's right. In the
special session which was called one of the things they
(19:40):
were going to tackle was all of the flood relief
that was needed for so many that were hurt in
the massive flooding in Texas. And now Democrats are so
soulist they're saying, oh, that's just a talking point, we
don't have to deal with that right away.
Speaker 6 (19:55):
And as you know, that means that there is other
legislation that's going to be the victim of that, and
that includes this bill for flood assistance for those Texans
who were impacted by those devastating floods on July fourth.
Are you concerned that all of this could ultimately be
a mistake if that legislation also becomes a victim of.
Speaker 7 (20:15):
This, This is a Republican talking point. I'm concerned that
Greg Abbott decided to play politics with flood victims and
their families. The only emergency that we should be coming
to the state capital to address is flood mitigation and
disaster prevention. That's what Texans want us to focus on.
It's why my Democratic colleagues and I showed up on
the first day of the special legislative session two weeks ago.
(20:39):
We begged our Republican colleagues to prioritize flood victims and
their families, and they refused.
Speaker 6 (20:45):
But the reality is But the reality is the consequence
of the decision, regardless of whether or not it's a talking point,
is that this bill is not going to advance.
Speaker 7 (20:53):
Is that a bad idea?
Speaker 6 (20:54):
If this bill does an advance?
Speaker 7 (20:56):
And who put flood mitigation after redisseerting on the the.
Speaker 6 (21:00):
Republicans they control the floor. They have made that exactly,
But there will be consequences to your decision here too,
will They're not And.
Speaker 7 (21:08):
You know why they did that is so that they
could play politics with those flood victims, so that they
could pressure us to give away our constituents' voices in
the democratic process. They're using flood victims to try to
get us to agree to these corrupt maps so they
can rig the next election. We are not willing to
sacrifice the American experiment. We begged them to prioritize flood victims,
(21:29):
and they refuse to do so. This is cynical politics
at its worst.
Speaker 1 (21:34):
Yet again Democrats lying about what actually is happening in
the special session and calling funding those who need this
massive amount of help with the Texas flood victims. Oh,
it's just a quote talking point, and that's exactly how
sick they really are. Over fifty Texas House Democrats, including
(21:58):
sixty two members total in the lower chamber, have left Texas,
traveling to Illinois, New York, and Massachusetts. Well, at least
they're consistent up there being sanctuary states and cities. Why
to deny quorum and block a GOP back congressional redistricting
plan that would likely add up to five new Republican
(22:20):
leaning US House seats, That is the claim by Democrats
and why they're now fleeing the state. Now. This strategy
mirrors previous walkouts in twenty twenty one and in two
thousand and three in Texas, where the quorum rules were
used to slow down legislation. Governor Greg Abbott has now responded,
(22:41):
issuing a three pm Monday ultimatum for Democrats to return
or face serious consequences. He threatened to quote invoke a
twenty twenty one AG opinion allowing courts to cleare seats
vacant due to intentional quote abandonment office. He also could
(23:02):
seek civil arrest warrants for absent members, valid only however,
inside of Texas, which is why so many Democrats have
fled to liberal states. Also, he can investigate potential felony
charges for fundraising to pay the five hundred dollars day
fines that are being imposed by the House rules. Now,
(23:25):
the Texas House passed an eighty five to six vote
authorizing the Sergeant in Arms to issue civil arrest warrants
for those that were purposely absent. Now. Breaking quorum, by
the way, is not a crime, making extradition impossible. Abbott
cannot legally compel lawmakers to return from other states directly,
(23:50):
is what is being said now by Politico. Declarations of
vacancy would require individual court action in each lawmaker's district,
years of litigation and with delay redistricting beyond the December
twenty twenty five deadline for the twenty twenty six primaries.
And that's exactly why Democrats are playing this game. Texas
(24:14):
Democrats maintain they are quote standing up for democratic norms,
not running away. You can decide how ridiculous they actually
are in your own minds. But many of the representatives
are now taking more heat. Why because they are prioritizing
the Democrats' agenda over prioritizing flood relief. Yes, that was
(24:38):
one of the issues on the table that they're now
fleeing from. I'll give you just another example of also
how many liberal cities are helping them and states. The
Illinois governor Pritzker publicly backed the lawmaker's actions, calling them
a courageous defense of democracy and saying welcome to Illinois.
(24:59):
Democrats are characterizing the governor of Texas Abbot's threats as
quote smoking mirrors, pointing out that constitutional tools like quorum
breaks are legitimate devices they say to use under Texas law. Now,
Greg Abbott, the Texas governor, he's not playing around at
all with what the Democrats are doing. In fact, he
(25:21):
gave them a three pm deadline to get back to
the House chambers. The Democrats did not comply, and after
that he sat down with Sean Hannity on his show
on Fox News, and I want you to hear exactly
what the governor had to say.
Speaker 8 (25:35):
Very latest from Austin is Texas Governor Greg Abbott, Governor.
When I looked, I have a whole sheet here of
every single Democratic state, and it's just like the examples
I put up there. They have jerry mandered their states
left right, sideways. They're saying, well, they're gonna they're gonna
do to their states what you're doing in Texas. They
(25:59):
already did it in all of these blue states. Frankly,
Republicans should have caught up a long time ago.
Speaker 9 (26:05):
Well, Sean, first of all, Texas is doing what we
are allowed to by the law. And one reason why
that law exists the way that it does is because
the Democrats brought a lawsuit after our last redistricting and
that decision, and that lawsuit came out last year, and
that lawsuit recognized that coalition districts are not required, and
so Texas has a right to redraw these lines to
(26:26):
fully represent the desires of every voter in the state.
But Sean, that misses the point here. The point here
is that Democrats have done something that's very Untexan. They've
turned their backs on their fellow Texans. When it came
to a fight, they turned and ran away. Not just
from this redistricting fight, they ran away from dealing with
the flooding issues that are still echoing across the Curveville area.
(26:50):
Families desperately need results from the state legislature in this
thirty day special session that are not going to be
delivered because Democrats are hanging out in Chicago and New
York and other place.
Speaker 2 (27:00):
Yeah, all right, let me run through the states.
Speaker 8 (27:02):
California Republicans thirty nine percent of the House vote, but
they only have seventeen percent of the seats. Connecticut Republicans
forty percent of the House vote, zero seats, none Zip Illinois.
Speaker 2 (27:14):
Twenty twenty four Republicans.
Speaker 8 (27:16):
They got a pretty respectable forty seven percent of the
statewide vote, eighteen percent of House seats. Maryland, one of
the bluest states, Trump gets thirty five percent, but they
only have twelve percent.
Speaker 2 (27:27):
Of House seats.
Speaker 8 (27:29):
Massachusetts again, zero house seats. Nevada is even worse for
Republicans win the state. They won the state House by
ten points, walked away with one single House seat in
the entire state.
Speaker 2 (27:43):
That's it.
Speaker 8 (27:44):
So this has been the practice of these states for
the longest.
Speaker 2 (27:47):
Period of time.
Speaker 8 (27:48):
Now they want to attack you, and I'm thinking, Okay,
what you're doing is exactly what they did.
Speaker 10 (27:52):
Well, and not even that sean.
Speaker 9 (27:54):
To be honest, the Texas maps are not going to
be as extreme as those other blue states that you
talked about. But another thing, and that is what Texas
is doing under these new maps. Four of the five
new seats will be a majority Hispanic seats. One of
the seats is going to restore the Barbara Jordan's seat
over in the Houston area. And so these are seats
(28:16):
where Democrats are having to come to grips with the reality,
and that is they are now losing the votes of
Hispanics and black voters in the state of Texas. And
these districts are going to show that Hispanics in Blacks
as well as others are voting for Republican and Republican
is their candadate of choice. And we will ensure that
will be achieved at the congressional level in the state
(28:36):
of Texas well.
Speaker 8 (28:37):
Certainly it should be somewhat proportional to what the vote
is What is your response to Kathy Hochel who says
that we are at war over Texas and the redistricting
push that's going on in Texas.
Speaker 10 (28:51):
There's a bunch of crazy bluster.
Speaker 9 (28:53):
Democrats are freaking out because they are realizing Texas has
the authority to redistrict and we're going to do so
way that's going to lead to these additional seats that
will vote Republican and they will be serving in Congress
in the next session. And so Democrats are freaking out
about it, engaging in rhetoric, but I don't think they
have the capability of actually living up to it and
(29:13):
doing anything about. Texas will continue to fight for what
is right, and that's exactly what we are doing.
Speaker 8 (29:18):
Is it a fair statement to say that Republicans, in
terms of the percentages and numbers that they have voted,
have been unfairly cheated out of their representation.
Speaker 2 (29:31):
I think that's a more fair statement.
Speaker 9 (29:32):
Well, a different way to say it, and that is
at least in Texas.
Speaker 10 (29:38):
Yeah, and I'll talk about both.
Speaker 9 (29:40):
In Texas, we are going to ensure that voters are
going to be able to vote for their candidate of choice.
For example, I think Donald Trump won in all five
of these seats that we will be making Republican seats.
The same thing should apply in all those other states.
Speaker 10 (29:53):
Sean that you mentioned in.
Speaker 9 (29:55):
Your monologue where you pointed out the gross jerrymandering in
these blue states have rejected Republican candidates for office that
should be serving those states, should be serving our country.
It's the jurymandering in the blue states that has started
the politics in America.
Speaker 1 (30:11):
Yeah, if you want to know who's actually gerrymandering in
this country, it's clearly Democrats in all of the democratic
states that we're mentioned there. Make sure you share this
podcast with your family and friends, put it up on
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Speaker 2 (30:26):
We'll see you back here tomorrow.
Host
Ben Ferguson
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