🏦 Proposed Executive Order on Political Debanking
- Context: The White House is reportedly preparing an executive order to penalize banks for closing accounts based on political beliefs.
- Key Provisions:
- Investigate violations of the Equal Credit Opportunity Act, antitrust laws, and consumer protection laws.
- Impose fines, consent decrees, or other penalties.
- Require banks to revoke internal policies that may have led to politically motivated closures.
- Direct the Small Business Administration to review loan practices.
- Targeted Groups: Conservative, Christian, missionary, and Second Amendment organizations allegedly affected.
- Institutions Mentioned: JP Morgan Chase and Bank of America (accused but deny wrongdoing).
- Political Framing: The commentary frames this as a move by Donald Trump to protect conservatives from political discrimination by financial institutions.
🏛️ Texas House Democrats Walkout
- Event: Over 50 Texas House Democrats left the state (to Illinois, New York, Massachusetts) to deny quorum and block a GOP-led congressional redistricting plan that could add up to five Republican-leaning U.S. House seats.
- Historical Context: This mirrors similar walkouts in 2003 and 2021.
- Governor Greg Abbott's Response:
- Issued a 3 PM ultimatum for Democrats to return.
- Threatened to declare seats vacant or issue civil arrest warrants (valid only in Texas).
- Suggested possible felony bribery charges if lawmakers accepted or offered money to skip votes.
- Democrats' Defense: Claimed they are defending democratic norms and using legal tools under Texas law.
- Criticism: The commentary accuses Democrats of prioritizing political agendas over urgent issues like flood relief.
Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the Ben Ferguson Show Podcast and Verdict with Ted Cruz Wherever You get You're Podcasts. Thanks for Listening
#seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton
#rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats
#republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica
#SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict #maga #presidenttrump #47 #the47morningupdate #donaldtrump #trump #news #trumpnews #Benferguson #breaking #breakingnews #morningupdate
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
In New York flanks by Texas Democrats.
Speaker 2 (00:03):
The governor said she'd push her state to consider redistrictate
in response to what's happening in Texas.
Speaker 3 (00:09):
This is a war. We are at war, and that's
why the gloves are off.
Speaker 1 (00:13):
Subpoenas from Texas don't work in New York, so he
gonna come get us.
Speaker 3 (00:16):
Hal subpoenas in Texas.
Speaker 1 (00:18):
Don't work in Chicago, He's gonna come get us. Half.
Speaker 3 (00:21):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 1 (00:25):
Good Tuesday morning. It's so nice to have you with
us on the forty seven Morning Update, and we've got
two major stories for you. First up, we're hearing now
from Donald Trump's White House. An executive order is on
its way over deep banking of conservatives by small, mid size,
and especially large banks that are attacking Conservatives and Christians
(00:49):
solely based because of their belief system. I'll break that
down for you in a second. Plus, a major fight
happening right now in Texas. Yes, Democrats are leaving the
state over redistricting battle, and it's a big problem that
could expand all over the country as Democrats are holding
(01:10):
state legislators hostage as they're trying to redistrict based on
what the voters wanted. What does this mean moving forward?
I'll explain it all to you. All right, I want
to take a moment talk about the economy. You've been
seeing what's happening on Wall Street, You've seen what's been
happening with interest rates, and you've probably seen gold prices
hitting all time record highs. Why because there is uncertainty
(01:34):
all over the world right now, and when there is
uncertain times, you want real answers about your financial stability. Well,
at Kurt Elliott Precious Metals, you get more than gold
and silver. You get trusted guidance from a team that
puts people first always. You also get transparency. This is
why I recommend them. Their mission is clear. They want
(01:58):
to help you protect what matters most with real metals,
real service, and real clarity. Now here's why I love
what they do at Kirk Elliott Precious Metals Number one
bullyon only approach. They focus on investment grade metals, not
overpriced quote collectibles or gimmick products that cost you an
(02:18):
insane amount of money for what you're actually getting. What
they do is they sell you more metal for your
money and fair value when it's time for you to
actually sell. They also have upfront transparent pricing, just eight
percent when you buy and zero commissions when you go
to sell. There are no hidden fees on top of
(02:39):
that ever, that is the reason why I recommend them.
They also make sure they give you personalized guidance for you.
You're never just a number, no pressure, always real answers,
and they make sure that you are in control. So
if you're ready for real, honest clarity and all of
the BS taken out, visit k e PM dot com
(03:04):
slash ben that's k e PM dot com slash ben
to schedule your personal portfolio review. Ask about today's unique
market window and how the current silver to gold ratio
might work in your favor. Protect what matters, plan with
clarity k e PM dot com slash ben or seven
(03:27):
two zero six oh five thirty nine hundred. That's seven
two zero six oh five thirty nine hundred. Kurt Elliott
Precious Metals Smarter Metal Investing starts with them. It's the
forty seven Morning Update and it starts right now.
Speaker 3 (03:43):
Story number one.
Speaker 1 (03:44):
In a major move to protect all Americans, the White
House we're now being told is preparing a new executive
order that would find banks, small, medium, and the largest
for dropping customers for political reasons. The Wall Street Journal
is reporting on it now. The order directs bank regulators
(04:07):
to investigate whether any financial institutions might have violated the
Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws,
the Journal reported, citing a draft text of the order.
The order, which could be signed as early as this week,
provides for monetary penalties, consent decrees, or other disciplinary measures
(04:31):
against violators. The order also directs regulators to strike policies
they have that might have contributed to banks dropping certain customers,
and requires the Small Business Association to review the practices
of banks that guarantee the agency's loans. Now, this is
a major move for protecting specifically conservatives that have been
(04:56):
debanked by large banks and small bank alike. There are
many in the Second Amendment community that have also been
debanked as well. There are Christian organizations that have been debanked,
missionary organizations that have been debanked, and conservative organizations that
have been debanked, especially during the Biden years. Now, the
(05:19):
President saying you can't do that, it's un American and
we're not going to allow it to stand. Now. Reuters
is also reporting at this hour that the White House
is apparently working on this at a rapid pace because
they believe it is time to hold banks accountable that
targeted people specifically for their political beliefs. Now, after speaking
(05:41):
with people at the White House late this afternoon, here's
what I can also tell you. The White House, I've
been told, is in fact preparing an executive order that
would empower the regulators to penalize banks for quote, terminating
customer relationships based on political beliefs. These penalty could include
hefty fines, I'm being told, and also disciplinary actions. Now,
(06:05):
financial regulators would be instructed to investigate potential breaches not
only the Equal Credit Opportunity Act I mentioned earlier and
antitrust laws, but also consumer protection regulations by banks accused
of politically motivated actions against those who had bank accounts
at their bank. The draft order also calls on policymakers
(06:29):
to revoke existing internal bank policies that actually may have
led to politically motivated account closures, and directs the Small
Business Administration to review loan back practices that could involve
similar issues as well. Now, although no banks are mentioned
by name, the order appears tied to public criticism of
(06:50):
major institutions such as JP, Morgan Chase and Bank of
America accused of severing ties with conservative club giance, a
charge that of course they strongly deny, and the Wall
Street Journal has reported on this extensively recently. Now, according
to others, the order could be signed like I said
(07:11):
this week, potentially spelling major trouble for big banks. Now.
This move reflects Donald Trump's ongoing concern, especially from conservative circles,
about political bias or debanking and financial services. It forms
part of a broader regulatory agenda to ensure economic institutions
(07:32):
remain neutral and customers aren't penalized for political beliefs. At
the end of the day, the president of the United
States of America wants to make sure you're not targeted
because you voted for him, and in the future, to
make sure that no matter who you vote for, you're
not targeted by a bank. Now, the order has not
been officially issued yet, and there's a very good chance
(07:52):
there will be changes that are made in the coming
days and hours. Banks and regulators also are remaining relatively
quiet and the White House is saying they're willing to talk,
but there's many that are scared what may be coming
down the pipeline. And the big question is this, which
agencies are actually going to lead enforcement oversight I'm being
(08:15):
told is likely going to be by federal banking regulators,
the Department of Justice, and the SPA. Implementation details are
going to work through the White House and the hours
and days ahead at the end of the day. What
does this mean, Well, it means that Donald Trump's looking
out for conservatives that have been targeted solely because of
(08:36):
our political beliefs, and that's exactly why so many Americans.
Speaker 3 (08:41):
Voted for now story number two.
Speaker 1 (08:43):
Over fifty Texas House Democrats, including 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 to deny quorum and
block a GOP back congressional redistricting plan that would likely
(09:06):
add up to five new Republican 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, issuing a three pm
(09:29):
Monday ultimatum for Democrats to return or face serious consequences.
He threatened to quote invoke a twenty twenty one AG
opinion allowing courts to clear seats vacant due to intentional
quote abandonment of office. He also could seek civil arrest
warrants for absent members, valid only however, inside of Texas,
(09:54):
which is why so many Democrats have fled to liberal states. Also,
he can invest gave potential felony charges for fundraising to
pay the five hundred dollars a day fines that are
being imposed by the House rules. Now, the Texas House
passed an eighty five to six vote authorizing the Sergeant
(10:15):
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. Abbot cannot legally compel
lawmakers to return from other states directly, is what is
being said now by Politico. Declarations of vacancy would require
(10:38):
individual court action in each lawmaker's district, potentially years of
litigation and would delay redistrict came beyond the December twenty
twenty five deadline for the twenty twenty six primaries. And
that's exactly why Democrats are playing this game. Texas Democrats
maintain they are quote standing up for democratic norms, not
(11:01):
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 one
of the issues on the table that they're now fleeing from.
(11:22):
I'll give you just another example of also how many
liberal cities are helping them and states. The Illinois governor
Pritzker publicly back the lawmaker's actions, calling them a courageous
defense of democracy and saying welcome to Illinois. Democrats are
characterizing the Governor of Texas Abbot's threats as quote smoking mirrors,
(11:44):
pointing out that constitutional tools like quorum breaks are legitimate
devices they say to use under Texas law. Here's more
of what Governor Abbott had to say about what the
Democrats are doing and now what they're going to face.
Speaker 2 (12:00):
Very simply, it would be bribery if any lawmaker took
money to perform or to refuse to perform and act
in the legislature. And the reports are these legislators have
been both. They sought money and they offered money to
skip the vote to leave the legislature to take a
(12:23):
legislative act. That would be bribery. And so the facts
will have to come out. But I think based upon
comments made by legislators themselves, they face a possibility facing
bribery charges, which is a second degree felony in the
state of Texas. There's one way to cure that, and
that is if they get back to the state of
Texas and make quorum today are hearing that we have
(12:45):
at the three o'clock they can cure themselves of any
quid pro quo that would subject them to potential bribery charges.
Speaker 1 (12:52):
Well, guess what Democrats decided not to come back by
three o'clock and why because apparently they love the idea
of being arrested and saying they're being politically persecuted. Now,
the one takeaway from this is pretty simple and clear.
You can expect Democrats to probably pull the same exaction
in against you're witnessing right now in other states around
(13:15):
the country, and they're using Texas as the blueprint for it.
Speaker 3 (13:19):
Thank you for listening to the forty seven Morning Update
with Ben Ferguson. Please make sure you hit subscribe wherever
you're listening to this podcast right now and for more
in depth news, also subscribe to the Ben Ferguson podcast
and we will see you back here tomorrow.
In New York flanks by Texas Democrats.
Speaker 2 (00:03):
The governor said she'd push her state to consider redistrictate
in response to what's happening in Texas.
Speaker 3 (00:09):
This is a war. We are at war, and that's
why the gloves are off.
Speaker 1 (00:13):
Subpoenas from Texas don't work in New York, so he
gonna come get us.
Speaker 3 (00:16):
Hal subpoenas in Texas.
Speaker 1 (00:18):
Don't work in Chicago, He's gonna come get us. Half.
Speaker 3 (00:21):
You're listening to the forty seven Morning Update with Ben ferguson.
Speaker 1 (00:25):
Good Tuesday morning. It's so nice to have you with
us on the forty seven Morning Update, and we've got
two major stories for you. First up, we're hearing now
from Donald Trump's White House. An executive order is on
its way over deep banking of conservatives by small, mid size,
and especially large banks that are attacking Conservatives and Christians
(00:49):
solely based because of their belief system. I'll break that
down for you in a second. Plus, a major fight
happening right now in Texas. Yes, Democrats are leaving the
state over redistricting battle, and it's a big problem that
could expand all over the country as Democrats are holding
(01:10):
state legislators hostage as they're trying to redistrict based on
what the voters wanted. What does this mean moving forward?
I'll explain it all to you. All right, I want
to take a moment talk about the economy. You've been
seeing what's happening on Wall Street, You've seen what's been
happening with interest rates, and you've probably seen gold prices
hitting all time record highs. Why because there is uncertainty
(01:34):
all over the world right now, and when there is
uncertain times, you want real answers about your financial stability. Well,
at Kurt Elliott Precious Metals, you get more than gold
and silver. You get trusted guidance from a team that
puts people first always. You also get transparency. This is
why I recommend them. Their mission is clear. They want
(01:58):
to help you protect what matters most with real metals,
real service, and real clarity. Now here's why I love
what they do at Kirk Elliott Precious Metals Number one
bullyon only approach. They focus on investment grade metals, not
overpriced quote collectibles or gimmick products that cost you an
(02:18):
insane amount of money for what you're actually getting. What
they do is they sell you more metal for your
money and fair value when it's time for you to
actually sell. They also have upfront transparent pricing, just eight
percent when you buy and zero commissions when you go
to sell. There are no hidden fees on top of
(02:39):
that ever, that is the reason why I recommend them.
They also make sure they give you personalized guidance for you.
You're never just a number, no pressure, always real answers,
and they make sure that you are in control. So
if you're ready for real, honest clarity and all of
the BS taken out, visit k e PM dot com
(03:04):
slash ben that's k e PM dot com slash ben
to schedule your personal portfolio review. Ask about today's unique
market window and how the current silver to gold ratio
might work in your favor. Protect what matters, plan with
clarity k e PM dot com slash ben or seven
(03:27):
two zero six oh five thirty nine hundred. That's seven
two zero six oh five thirty nine hundred. Kurt Elliott
Precious Metals Smarter Metal Investing starts with them. It's the
forty seven Morning Update and it starts right now.
Speaker 3 (03:43):
Story number one.
Speaker 1 (03:44):
In a major move to protect all Americans, the White
House we're now being told is preparing a new executive
order that would find banks, small, medium, and the largest
for dropping customers for political reasons. The Wall Street Journal
is reporting on it now. The order directs bank regulators
(04:07):
to investigate whether any financial institutions might have violated the
Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws,
the Journal reported, citing a draft text of the order.
The order, which could be signed as early as this week,
provides for monetary penalties, consent decrees, or other disciplinary measures
(04:31):
against violators. The order also directs regulators to strike policies
they have that might have contributed to banks dropping certain customers,
and requires the Small Business Association to review the practices
of banks that guarantee the agency's loans. Now, this is
a major move for protecting specifically conservatives that have been
(04:56):
debanked by large banks and small bank alike. There are
many in the Second Amendment community that have also been
debanked as well. There are Christian organizations that have been debanked,
missionary organizations that have been debanked, and conservative organizations that
have been debanked, especially during the Biden years. Now, the
(05:19):
President saying you can't do that, it's un American and
we're not going to allow it to stand. Now. Reuters
is also reporting at this hour that the White House
is apparently working on this at a rapid pace because
they believe it is time to hold banks accountable that
targeted people specifically for their political beliefs. Now, after speaking
(05:41):
with people at the White House late this afternoon, here's
what I can also tell you. The White House, I've
been told, is in fact preparing an executive order that
would empower the regulators to penalize banks for quote, terminating
customer relationships based on political beliefs. These penalty could include
hefty fines, I'm being told, and also disciplinary actions. Now,
(06:05):
financial regulators would be instructed to investigate potential breaches not
only the Equal Credit Opportunity Act I mentioned earlier and
antitrust laws, but also consumer protection regulations by banks accused
of politically motivated actions against those who had bank accounts
at their bank. The draft order also calls on policymakers
(06:29):
to revoke existing internal bank policies that actually may have
led to politically motivated account closures, and directs the Small
Business Administration to review loan back practices that could involve
similar issues as well. Now, although no banks are mentioned
by name, the order appears tied to public criticism of
(06:50):
major institutions such as JP, Morgan Chase and Bank of
America accused of severing ties with conservative club giance, a
charge that of course they strongly deny, and the Wall
Street Journal has reported on this extensively recently. Now, according
to others, the order could be signed like I said
(07:11):
this week, potentially spelling major trouble for big banks. Now.
This move reflects Donald Trump's ongoing concern, especially from conservative circles,
about political bias or debanking and financial services. It forms
part of a broader regulatory agenda to ensure economic institutions
(07:32):
remain neutral and customers aren't penalized for political beliefs. At
the end of the day, the president of the United
States of America wants to make sure you're not targeted
because you voted for him, and in the future, to
make sure that no matter who you vote for, you're
not targeted by a bank. Now, the order has not
been officially issued yet, and there's a very good chance
(07:52):
there will be changes that are made in the coming
days and hours. Banks and regulators also are remaining relatively
quiet and the White House is saying they're willing to talk,
but there's many that are scared what may be coming
down the pipeline. And the big question is this, which
agencies are actually going to lead enforcement oversight I'm being
(08:15):
told is likely going to be by federal banking regulators,
the Department of Justice, and the SPA. Implementation details are
going to work through the White House and the hours
and days ahead at the end of the day. What
does this mean, Well, it means that Donald Trump's looking
out for conservatives that have been targeted solely because of
(08:36):
our political beliefs, and that's exactly why so many Americans.
Speaker 3 (08:41):
Voted for now story number two.
Speaker 1 (08:43):
Over fifty Texas House Democrats, including 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 to deny quorum and
block a GOP back congressional redistricting plan that would likely
(09:06):
add up to five new Republican 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, issuing a three pm
(09:29):
Monday ultimatum for Democrats to return or face serious consequences.
He threatened to quote invoke a twenty twenty one AG
opinion allowing courts to clear seats vacant due to intentional
quote abandonment of office. He also could seek civil arrest
warrants for absent members, valid only however, inside of Texas,
(09:54):
which is why so many Democrats have fled to liberal states. Also,
he can invest gave potential felony charges for fundraising to
pay the five hundred dollars a day fines that are
being imposed by the House rules. Now, the Texas House
passed an eighty five to six vote authorizing the Sergeant
(10:15):
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. Abbot cannot legally compel
lawmakers to return from other states directly, is what is
being said now by Politico. Declarations of vacancy would require
(10:38):
individual court action in each lawmaker's district, potentially years of
litigation and would delay redistrict came beyond the December twenty
twenty five deadline for the twenty twenty six primaries. And
that's exactly why Democrats are playing this game. Texas Democrats
maintain they are quote standing up for democratic norms, not
(11:01):
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 one
of the issues on the table that they're now fleeing from.
(11:22):
I'll give you just another example of also how many
liberal cities are helping them and states. The Illinois governor
Pritzker publicly back the lawmaker's actions, calling them a courageous
defense of democracy and saying welcome to Illinois. Democrats are
characterizing the Governor of Texas Abbot's threats as quote smoking mirrors,
(11:44):
pointing out that constitutional tools like quorum breaks are legitimate
devices they say to use under Texas law. Here's more
of what Governor Abbott had to say about what the
Democrats are doing and now what they're going to face.
Speaker 2 (12:00):
Very simply, it would be bribery if any lawmaker took
money to perform or to refuse to perform and act
in the legislature. And the reports are these legislators have
been both. They sought money and they offered money to
skip the vote to leave the legislature to take a
(12:23):
legislative act. That would be bribery. And so the facts
will have to come out. But I think based upon
comments made by legislators themselves, they face a possibility facing
bribery charges, which is a second degree felony in the
state of Texas. There's one way to cure that, and
that is if they get back to the state of
Texas and make quorum today are hearing that we have
(12:45):
at the three o'clock they can cure themselves of any
quid pro quo that would subject them to potential bribery charges.
Speaker 1 (12:52):
Well, guess what Democrats decided not to come back by
three o'clock and why because apparently they love the idea
of being arrested and saying they're being politically persecuted. Now,
the one takeaway from this is pretty simple and clear.
You can expect Democrats to probably pull the same exaction
in against you're witnessing right now in other states around
(13:15):
the country, and they're using Texas as the blueprint for it.
Speaker 3 (13:19):
Thank you for listening to the forty seven Morning Update
with Ben Ferguson. Please make sure you hit subscribe wherever
you're listening to this podcast right now and for more
in depth news, also subscribe to the Ben Ferguson podcast
and we will see you back here tomorrow.
Host
Ben Ferguson
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.