Democrats Used Federal Regulators To Debank Conservatives

One of the largest scandals of the Obama administration is finally coming to the light of day. The Obama administration used the Justice Department (DOJ) to force banks to refuse to serve law-abiding American corporations if the Obama administration did not approve of their business. 

The story about the debanking of American businesses was never taken seriously by the mainstream media. They always dismissed the allegations of debanking as “conspiracy hoaxes” and the charges were never seriously investigated.

Recently, the Office of the Comptroller of the Currency (OCC) released a finding that the largest banks in the United States had policies in place between 2010 and 2025 that may have influenced their actions in denying or limiting access to financial services to customers or potential customers “based on their political or religious beliefs or lawful business activities.”

This all started under the Obama administration when his DOJ targeted banks that had customers who were involved in the manufacturing or distribution of legal weapons. The leftists running the Obama administration knew they could not pass a law prohibiting the ownership of guns so they were attempting to make it difficult to manufacture or sell guns.

The practice of debanking unfavored businesses or individuals gained more traction under President Biden. The OCC report gave one example of a media company that applied for a line of credit at PNC Bank. An employee of the bank wrote that the media company was in good economic shape. The bank employee noted that one of the owners of the media company was “a conservative political commentator” and also noted that another owner of the company had a foundation that supported Christian conservative organizations that had been labeled “hate groups” by the Southern Poverty Law Center.

The bank denied the media group banking privileges because the bank was worried that the Democrat regulators would punish the bank for working with the conservative media company. The major banks had a legitimate concern that they would irritate the Democrats if they worked with conservatives. The banks knew that the Democrats could unleash the regulators to harass the banks. 

This heavy handed approach by the Democrats to deny basic freedoms to conservatives is similar to how the Chinese communist government revokes banking privileges from citizens who criticize the Communist Party.

Another sad example was JP Morgan which hired a payment processor to monitor customers for phrases like “MAGA, Make America Great and America First.” This was not some imaginary conspiracy story. We now have validation that the Democrats used the heavy hand of government to deny banking privileges from conservatives.

In today’s world, debanking a company or organization is similar to starving a child. A business or organization cannot survive without access to the federal banking system.

This behaviour by the Democrat administrations was reprehensible but, sadly, would become commonplace if we elect a Democratic President.